Fast Food Chain Expanding in China

The Dow erased this morning's gains at midday

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Schaeffer's Midday Market Check
6/23/2021
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Nasdaq Notches Intraday High, SPX Eyes Third-Straight Win


By: Fernanda Horner

The Dow Jones Industrial Average (DJI) is modestly lower this afternoon, walking back this morning's gains to register a 19-point drop, after Federal Reserve Chairman Jerome Powell's attempt to ease inflation fears yesterday. The S&P 500 Index (SPX) is clinging to positive territory, with some aid stemming from strength in the energy sector. The index is also eyeing its third-straight win and is sitting just shy of yet another record high. Similarly, the tech-heavy Nasdaq Composite (IXIC) is also higher, notching an intraday high as Tesla (TSLA) and Netflix (NFLX) pop. Bitcoin (BTC) is extending its rebound as well, surging above the $34,000 level earlier.

Continue reading for more on today's market, including: 

  • Car stock slipping on mixed analyst attention.
  • This fast food chain plans to have 79 locations in China by 2031.
  • Plus, options bulls blast KBH ahead of earnings; Entera stock surges on upbeat drug trial results; and pharma stock sinks on analyst comments.
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