10 things you need to know before the opening bell (SPY, SOX, QQQ, DIA, AAPL, IQ, TWTR, MCD)

pulse

June 8, 2018 11:47 AM

This is what traders are talking about.

China's trade surplus narrows — but not with the US. China's overall trade surplus unexpectedly narrowed to $24.92 billion in May while its trade surplus with the US widened to

Homes in America are selling at a record pace. The amount of time from list-to-sale fell to 64 days in April from 77 days a year ago, the shortest amount of time since Trulia started keeping track in 2010.

The world's largest producer of bitcoin mining chips is reportedly considering an IPO. Bitmain Technologies, the world's largest producer of bitcoin mining chips, run by the 32-year-old cryptocurrency billionaire Jihan Wu, is considering an initial public offering, Bloomberg says.

Apple reportedly warned suppliers of lower parts orders for new iPhones. The tech giant warned suppliers it will need 20% less components for iPhones in the second half of the year, Nikkei Asia Review says, citing industry sources.

Twitter is officially part of the S&P 500. Shares of the social-media company fell 1.02% in their trading debut in the benchmark index.

McDonald's rallies after report says it's announcing corporate layoffs. McDonald's gained 4.37% Thursday after a Wall Street Journal report said the fast-food giant was looking to trim down its corporate structure.

The Netflix of China is on a hot streak with millennial investors.

Stock markets around the world are lower. Hong Kong's Hang Seng (-1.78%) was hit hard in Asia and Germany's DAX (-1.05%) trails in Europe. The S&P 500 is set to open down 0.49% near 2,757.

US economic data trickles out. Wholesale inventories will be released at 10 a.m. ET. The US 10-year yield is down 1 basis point at 2.91%.

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