WSJ: SEC probing Musk’s communication with board

The SEC is interested in knowing the details about how much information CEO Elon Musk shared with the board prior to his privatization-related tweet last week, writes Emily Glazer. At issue is whether the tweet’s purpose was for nothing more than scorching the shorts.

Global stocks rise after U.S.-China talks set

The U.S. and China will resume trade talks this month after formal discussions broke down last month to lead to more dueling tariffs. Asian stocks pared early losses after the U.S.-China development, with Hong Kong’s Hang Seng Index shedding 0.6% on the day and the Shanghai Composite peeling off 0.7%. The Nikkei ended the session essentially flat after being down by more than 300 points early. Traders looking at the U.S. have bid up Dow futures by 0.4% and S&P 500 futures by 0.3%.

Stocks snap four-day slide as Turkish lira rebounds

The S&P and Dow snapped a four-session losing streak amid a rebound in the Turkish lira, which followed a nearly 25% plunge vs. the U.S. dollar in the prior two sessions with an 8% bounce, helping ease concerns over the financial health of lenders with heavy exposure to Turkey.