This is what traders are talking about.
The Shanghai Composite spiked 3.1% to lead the advance in Asia and the Euro Stoxx 50 was up 0.9%. The S&P 500 was set to open little changed.The 3-month yield climbed above the 10-year yield on Thursday, stoking worries on Wall Street that the US economy is headed for a recession.The ride-hailing company on Thursday evening priced its initial public offering at $45 a share, giving it a valuation of $75.5 billion.
Uber will begin trading on the New York Stock Exchange on Friday under the ticker UBER.Beyond Meat shares surged 163% in their May 2 debut, making for the 16th biggest opening-day pop. All 15 of the bigger gains occurred during the 1999/2000 dot-com bubble.Speaking at the Sohn Conference on Tuesday, DoubleLine Capital CEO Jeffrey Gundlach explained why he likes options straddles on the iShares 20+ Year Treasury Bond exchange-traded fund.
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