Bitcoin, Bumble, Jack in the Box: What to Watch When the Stock | Sidnaz Blog

Here’s what we’re watching ahead of Thursday’s opening bell.

  • Inflation continues to send jitters through Wall Street. U.S. stock futures are down, suggesting the S&P 500 will extend a losing streak that pushed the gauge to its biggest three-day loss since October.
  • Futures tied to the S&P 500 slipped 0.4% and those linked to the Dow Jones Industrial Average shed 0.6%. Nasdaq-100 futures ticked down 0.3%, pointing to further losses for tech stocks. Read our full market wrap here.
What’s Coming Up
Market Movers to Watch

A display in Times Square is pictured as dating-app operator Bumble made its debut on the Nasdaq stock exchange in February.



Photo:

mike segar/Reuters

Market Facts
  • Bank of America and

    JPMorgan


    JPM -0.69%

    Chase traded the first complex derivative using a Bloomberg index crafted to replace Libor, exchanging $250 million worth of an interest-rate swap earlier this month. The transaction marks a shift in efforts to move away from the troubled rate underpinning trillions of dollars in financial contracts.

  • Bitcoin mining consumes about 148 terawatt-hours of energy annually, the Cambridge Centre for Alternative Finance estimates. That is more than Sweden uses in a year.
  • On this day in 1999, Barbie went high-tech as Mattel acquired The Learning Co., a maker of educational software, for $3.51 billion. After only 16 months, Mattel sold The Learning Co. to Gores Technology Group for no cash up front, the assumption of The Learning Co.’s debt and an undisclosed percentage of its future profits. Mattel lost roughly $4 billion on the acquisition with nothing to show for it, making the deal one of the most disastrous in modern history.
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