Shares of 3M (NYSE: MMM) are down in premarket trading following the resignation announcement of President and CFO Monish Patolawala, effective July 31, 2024. Patolawala will remain with the company until then to ensure a smooth transition.

The market’s bullish bias will likely be put to the test on Wednesday as some key market-moving catalysts due this week could pose a threat to the upward momentum.

The cryptocurrency market recorded another day of gains Tuesday, as investors regained confidence following last week’s bloodshed.

Jumia Technologies shares climbed Tuesday after Benchmark initiated coverage on the stock with a Buy rating and a $14 price target.