Traders gather at the post that trades IBM on the floor of the New York Stock Exchange October 20, 2014. REUTERS/Brendan McDermid

Summary List Placement

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Here’s what you need to know before markets open.

1. Global stocks tumble as COVID-19 spread douses vaccine optimism. See what markets are doing today.

2. A Tesla rival is going public at a $5.4 billion valuation. The British startup is set to list on the NASDAQ via a SPAC set up by a former Marvel Comics CEO.

3. Uber will soar 22% next year. Here’s why Wedbush boosted their price target for the ride-hailing firm to $60 from $49, implying a 22% rally from current levels.

4. Bitcoin’s massive rally is different from the 2017 ‘speculative frenzy.’ The current boom is driven by institutional buy-in and investors looking for a hedge against paper money, investor Mike Novogratz said.

5. Four sub-sectors poised to be the ‘next big thing.’ After tech and consumer discretionary sectors dominated the last decade, UBS said investors should look elsewhere for the next market leader.

6. Earnings expected. Intuit …read more

Source:: Businessinsider – Finance


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