June 24, 2021

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The daily business briefing: May 25, 2021

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U.S. stock index futures edged higher early Tuesday after Wall Street’s Monday gains. Dow Jones Industrial Average futures were up by 0.3 percent several hours before the opening bell. Futures tied to the S&P 500 and the tech-heavy Nasdaq gained 0.4 percent and 0.6 percent, respectively. Bitcoin’s price stabilized on Monday after the cryptocurrency’s recent plunge, which had dragged down Tesla and other tech stocks. Tesla was up by about 1 percent in pre-market trading on Tuesday. Coinbase rose 1.7 percent, and tech giants Facebook, Amazon, Apple, Microsoft, Netflix, and Google-parent Alphabet all were higher. The Dow closed 0.5 percent higher on Monday. The S&P 500 gained 1 percent, and the Nasdaq jumped by 1.4 percent. [CNBC]

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