Stock futures surged ahead of Thursday’s shortened holiday session after European markets were higher ahead of the expected Brexit deal announcement

Contracts related to the Dow Jones Industrial Average rose 84 points, S&P 500 futures rose 10 points and Nasdaq futures rose 18 points

Shares in the US. However, after Wednesday’s mixed end, the Nasdaq and Russell 2000 indexes hit record highs during the day as investors expected a coronavirus bailout package would be implemented despite the changes requested by President Donald Trump

European stocks traded higher than the UK and the European Union have put the finishing touches to a trade deal that is expected to be announced on Thursday A compromise on fishing rights, a sticking point that had held up the deal in recent days, appeared to have been reached

US.Stocks of Alibaba (BABA) – Get Report fell more than 7% in premarket trading on Thursday after Chinese regulators launched an anti-monopoly investigation into the e-commerce giant

Officials from Ant Group, an online financial platform spun off from Alibaba, had also been invited to a meeting with regulators

China’s moves were regulatory pushes against China’s richest entrepreneur Jack Ma, co-founder of Alibaba and Ant, as well as part of a larger effort to step up antimonopoly enforcement. They appear particularly concerned about control of Alibaba and other domineering groups Tightening Internet companies as they expand into finance, healthcare and other businesses, the Associated Press reported

Last month the Shanghai Stock Exchange suspended the upcoming $ 37 billion listing of the Ant Group This would have been the world’s largest IPO

Square (SQ) – Get Report has held talks to acquire music streaming service Tidal in an effort to diversify, Bloomberg reported, citing a person familiar with the situation

Dorsey has discussed a possible deal with Jay-Z, the rapper and music mogul who bought Tidal for $ 56 million in early 2015, the person told Bloomberg
Square CEO Jack Dorsey, who also serves as chief executive on Twitter, has ambitions to make Square a much broader company made up of standalone, complementary services, according to Bloomberg. The company’s two core products are Cash App and Square Seller

The New York Stock Exchange and Nasdaq will be trading at Jan.Ending midnight ET to be closed on Thursday and Christmas Day The Securities Industry and Financial Markets Association recommended a 2pm close for bonds on Thursday

Crude oil trading on the New York Mercantile Exchange will close at 1:30 p.m. Trading in metals, including gold futures, will end at 12:30 p.m. on Christmas Eve

Nuro was the first company to be allowed to use self-driving vehicles on public roads in California

With approval, the company said in a blog post, the Silicon Valley startup will be able to operate commercially on California roads in two counties near its headquarters in the Bay Area

Nuro said its delivery service will begin with its fleet of Prius vehicles in fully autonomous mode, followed by the company’s bespoke R2 electric vehicles

“And now, with this permit, we can offer a commercial autonomous delivery service to our friends and neighbors here in the Bay Area,” the company said

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World News – US – Alibaba, Square and Tidal, Brexit – 5 Things You Need To Know On Thursday

Source: https://www.thestreet.com/markets/5-things-you-must-know-before-the-market-opens-thursday-122420