Here’s why the 10-year yield is so low, and the summer event that could change it, from Bank of America Need to Know

By Barbara Kollmeyer

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Shares of Nokia /zigman2/quotes/207421390/composite NOK -1.00% /zigman2/quotes/203672305/delayed FI:NOKIA -2.15% are surging after the Finnish mobile equipment maker posted a forecast-beating profit rise and lifted guidance.

No-fee trading app provider Robinhood /zigman2/quotes/228268942/composite HOOD -2.39% makes its Nasdaq debut Thursday. Shares are priced at the low end of the range — $38 — but shed no tears as that still values the company at $26.74 billion.

Read: Here’s what you need to know about Robinhood’s debut

The markets

U.S. stocks /zigman2/quotes/210598065/realtime DJIA -0.22% /zigman2/quotes/210599714/realtime SPX -0.94% /zigman2/quotes/210598365/realtime COMP -1.53% are rising as trading begins and investors mull economic data and earnings. Gold /zigman2/quotes/210034565/delayed GC00 -1.19% is surging post Fed. Fresh data shows investment in the metal tumbled in the first half of the year. Bitcoin /zigman2/quotes/31322028/realtime BTCUSD -1.20% is holding above $40,000.

Random reads

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A German woman had the country’s second-biggest ever winning lottery ticket in her bag — for weeks .

A legend is gone, and for us 80s kids, it hurts.

And…

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