Stock market, ether ETF, Tesla Model Y production: 3 Things

Stocks (^DJI, ^IXIC, ^GSPC) are stirring up something ahead of Friday's open. The Dow Jones Industrial Average hopes to recover from this week, capitalized by yesterday's losses, after it hit its 40,000 milestone.

The Securities and Exchange Commission has approved an ether ETF offering, giving the green light to Wall Street firms hoping to offer ethereum-exposed (ETH-USD) products to investors.

Tesla (TSLA) reportedly cuts production of its Model Y at its Shanghai plant.

For more expert insight and the latest market action, click here to watch this full episode of Morning Brief.

This post was written by Luke Carberry Mogan.

Video transcript

Three things that you know on this Friday morning, your road map of the trading day as we've got Yahoo Finance is J Jennifer Shaber and as for a standing by with more stock futures moving higher this morning as the dow looks to recover from its worst session since March 2023.

1 year ago.

Stocks have been feeling the pressure this week after the fed minutes reignited concerns over the path of interest rates and with progress stalling on inflation, Goldman Sachs is pushing back on the timing for a potential rate cut from July to September.

The SEC approved a rule change late Thursday that paves the way for a spot of the ETF approval.

The next step, regulators will need to give fund managers approval before they can launch ETF products.

So the timing of that remains unclear and were on full Elon Musk Watch this morning.

The giant Tesla reportedly slashing production at its Shanghai plan for its model.

Why vehicle this coming amid concerns of wing demand in the electric vehicle market and must pushes back on a report of discussions over selling existing shares of Space X at an undisclosed price that could value the company at $200 billion.