Stock trading was mixed on Monday as Wall Street measured inflation risk and how global tax treaties would affect the largest tech companies in the United States
The Dow Jones Industrial Average rose 40 points (0.12%) to 34,797, the S&P 500 fell 0.01%, and the Nasdaq fell 0.13%. You will have it in the tech giant.
Jim Cramer: What’s as good as riding a stock? Gunma ride
The G-7 deal is certainly historic, but it has to be approved by the stubborn leaders of the G-20 before it can hit tech giants like Apple. (AAPL) – Get the report, Alphabet (Google) – Get the report Google, Facebook (FB) – Get the report And Amazon (AMZN) – Get the reportThe process can take several years.
Share Price Soars Friday High-tech stocks soared after the US added fewer jobs to salaries in May, and investors believe the Federal Reserve Board won’t immediately cut $ 120 billion on monthly security purchases . The S&P 500 closed at 4,229, just below its all-time high.
The Dow rose 0.7% for the week, the S&P 500 rose 0.6% and the Nasdaq rose 0.5%.
This week Wall Street will be waiting for a consumer price report on Thursday for further signs of inflation risk. The Federal Reserve Board (FRB) has announced a new coronavirus pandemic. She claims that the surge in inflation that has accompanied Wall Street’s economic recovery is temporary.
Treasury Secretary Janet Yellen said President Joe Biden should push for a $ 4 trillion spending plan even if it spikes inflation next year. She said that in an interview with Bloomberg. He said a slightly higher rate would be positive.
“When interest rates rise a little
Environment It actually benefits society’s points
Yellen told Bloomberg.
Benchmark 10-year Treasury yields rose slightly to 1.572% on Monday.
Distortion of job data, fire warnings, put / call plots, global tax fat opportunities
Biogenic (BIIB) – Get the report It rose Monday as investors waited for the Food and Drug Administration’s decision. Aducanumab Alzheimer’s drug.
If approved, aducanumab will be the first approved treatment for Alzheimer’s disease, a memory-destroying disease.
Tesla (TSLA) – Get the report It fell back on Monday as concerns about the pace of auto sales in China continued and founder and CEO Elon Musk took its high-end version offline. Model S checkered sedan ..
Bitcoin rose slightly on Monday, rising 1.92% to $ 36,528. The world’s largest cryptocurrency hit a record high of over $ 64,000 in mid-April.
President Nayib Bukele of El Salvador Bill wants to make Bitcoin legal tender together with the US dollar in Central American countries.
Dow Rises, Nasdaq slips on weighted global corporate tax burden Source link Dow rises, Nasdaq slips on weighted global corporate tax burden