In an address to a joint session of Congress, President Joe Biden declared the U.S.
The S&P 500 ended Wednesday’s cash session little changed while tech stocks declined after the Federal Reserve reiterated its support for the economy, the third straight tepid move for the benchmark index.
Apple reported fiscal second-quarter sales of $89.6 billion, some $12 billion more than analysts expected, and announced a $90 billion buyback, the second-biggest in history.
Earlier Wednesday, the president, in a raft of individual tax proposals, unveiled a sweeping $1.8 trillion plan to expand educational opportunities and child care for families, funded in part by the largest tax increases on wealthy Americans in decades.
New York timeThe Nasdaq 100 rose 0.9%The Dow Jones Industrial Average rose 0.4%The Stoxx Europe 600 rose 0.2%The MSCI Emerging Markets Index rose 0.2%CurrenciesThe Bloomberg Dollar Spot Index rose 0.2%The euro was little changed at $1.2114The British pound rose 0.1% to $1.3950The Japanese yen fell 0.5% to 109.19 per dollarBondsThe yield on 10-year Treasuries advanced six basis points to 1.67%Germany’s 10-year yield advanced four basis points to -0.19%Britain’s 10-year yield advanced six basis points to 0.85%CommoditiesWest Texas Intermediate crude rose 2.2% to $65 a barrelGold futures fell 0.3% to $1,768 an ounceFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P. “As we move into the summer months as we more fully reopen, I think the economy is still spring-loaded into the second half.”With their plans, the Fed and Biden have delivered a boost to investor sentiment that had see-sawed in recent days between optimism over a string of robust economic data and caution amid high valuations and speculation about stimulus tapering by year-end.
Today, Visa Canada announced the recipients of its inaugural She’s Next Grant Program in Canada to boost and empower women entrepreneurship.
Thursday’s announcement is the result of a lawsuit filed by anti-smoking and medical groups last summer to force the FDA to finally make a decision on menthol, alleging that regulators had “unreasonably delayed” responding to a 2013 petition seeking to ban the flavour.
– Amid the COVID-19 crisis, the global market for Technical Foams estimated at US$8.
Treasuries in a year and investors are bracing for a bigger sell-off over coming months as the pace of vaccination finally picks up across the bloc.