Here are the most important news, trends and analysis that investors need to start their trading day:
1. Wall Street looks for rise, one day after a tech-led sell-off
The Wall St. sign is seen near the New York Stock Exchange (NYSE) in New York City, May 4, 2021.
Brendan McDermid | Reuters
2. Dogecoin surges another 20%, approaching 70 cents per coin
Yuriko Nakao | Getty Images News | Getty Images
3. GM sees strong first half despite chip shortage interruptions
GM CEO Mary Barra talks with media prior to the start of the 2017 General Motors Company Annual Meeting of Stockholders Tuesday, June 6, 2017 at GM Global Headquarters in Detroit, Michigan.
Photo by John F. Martin for GM
4. Facebook’s oversight board to rule on Trump’s suspension from platform
Former U.S. President Donald Trump addresses the Conservative Political Action Conference (CPAC) held in the Hyatt Regency on February 28, 2021 in Orlando, Florida.
Joe Raedle | Getty Images
5. Honest Company raises over $400 million in IPO, set to start trading
The Honest Company hosted a conversation with Founder Jessica Alba and First Lady of Los Angeles, Amy Elaine Wakeland, for the Getty House Foundation Women’s Leadership Series. Following, Mayor Eric Garcetti welcomed The Honest Company with co-founders Jessica Alba and Sean Kane to Los Angeles with a special ribbon cutting ceremony and proclamation on March 30, 2016 in Beverly Hills, California.
Stefanie Keenan | WireImage | Getty Images
Honest Company priced its initial public offering Tuesday slightly above the midpoint of its indicated range, raising $412.8 million. The company, started by Hollywood’s Jessica Alba, sold 25.8 million shares at $16 each, valuing the Los Angeles-based firm at $1.44 billion. It’s set to begin trading on the Nasdaq on Wednesday. In 2016, Honest Company came under scrutiny,when a lawsuit said its products contained a harsh chemical it had pledged to avoid. The company reached a $7.35 million settlement for wrongly labeling ingredients.
— Reuters contributed to this report. Follow all the market action like a pro on CNBC Pro. Get the latest on the pandemic with CNBC’s coronavirus coverage.
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