As Elon Musk faces Twitter Inc. (NYSE: TWTR) in court over his $44-billion acquisition bid, a report about a second whistleblower is coming into the picture.
Tesla Inc. (NASDAQ: TSLA) shares are expected to react to a few catalysts in the unfolding week, and an analyst is not too optimistic about their performance on Monday.
Pre-open movers
U.S. stock futures traded mixed in early pre-market trade on Friday after recording losses for the week, month and quarter. The Dow Jones settled below the 29,000 level for the first time since November 2020, while the S&P 500 index also recorded its worst month since March 2020.
Bill Gates the co-founder of Microsoft has been actively involved in investing for change to lessen the impact of climate change. Gates is doing this by investing in companies such as Quantumscape (NYSE: QS), whose objective is to develop solid state batteries for electric vehicles.
The two-year U.S. treasury yield reached 4.167% on Friday. The 10-year U.S. treasury yield hit 3.762%. This allows the yield curve to remain in an inverse relationship, which typically points to a recession.