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Tech employees may be the big winners of the ETF explosion. Tech employees — who often receive a large portion of their compensation in stock options — are the big winners of the exchange-traded fund market's $5 trillion explosion, according to a new study from Vincent Deluard of INTL FCStone.
Ethereum tumbles to a 16-month low. The cryptocurrency fell more than 8% early Wednesday to $169.12 a coin and has lost more than 30% of its value over the past seven days.
Apple's iPhone event is here. The tech giant is expected to unveil three new iPhones and a slew of other products that may include a new Apple Watch and refreshed Air Pods at an event in Cupertino, California on Wednesday.
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US economic data flows. PPI will be released at 8:30 a.m. ET and the Fed's Beige Book will cross the wires at 2 p.m. ET. The US 10-year yield is down 2 basis points at 2.96%.
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