Stock market news live updates: Stocks extend gains after Biden infrastructure announcement, S&P 500 and Nasdaq set record highs
Yahoo Finance Stock market news live updates: Stocks extend gains after Biden infrastructure announcement, S&P 500 and Nasdaq set record highs Emily McCormick Emily McCormick·Reporter Thu, June 24, 2021, 1:01 PM·7 min read ^IXIC +0.58% YM=F +0.99% ^TNX 0.00% BTC-USD +4.24% ES=F +0.62% Stocks rose to record levels Thursday as investors digested another batch of key economic data and an announcement from President Joe Biden that he had reached a bipartisan infrastructure agreement with Senate lawmakers. The S&P 500 and Nasdaq each set record intraday highs. The Dow extended gains to add more than 300 points, or nearly 1%. More...
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Grantham Calls Meme Stocks 'Biggest U.S. Fantasy Trip'
Kriti Gupta and John Authers Thu, June 24, 2021, 10:48 AM ^GSPC +0.56% (Bloomberg) -- Investors are witnessing the "biggest U.S. fantasy trip of all time" in the stock market thanks to a clueless Federal Reserve, speedy stimulus and surprising success with Covid-19 vaccinations, according to Jeremy Grantham, financial historian and co-founder of the investment firm GMO. It's been just over a year since the last stock market crash, which resulted in a 35% drop from peak to trough, followed by the fastest rebound in history. Read more...
Mortgage rates jump above 3% for the first time since April - economists warn they're likely to rise higher
Benchmark mortgage rates rose above the 3% mark once again, as bond markets responded to signs that the Federal Reserve could hike rates sooner than previously expected. The 30-year fixed-rate mortgage averaged 3.02% for the week ending June 24, up nine basis points from the previous week, Freddie Mac FMCC, -6.38% undefined reported Thursday. It is the first time since late April that the benchmark rate has risen above 3%. Article continues...
Nasdaq And S&P 500 Scale New Peaks; Dow Rallies
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The Trade Desk Among Ad-tech Stocks Surging After Google Delays Phase-out Plans For Cookies
Digital-advertising stocks are rallying Thursday after Alphabet Inc.'s Google said it would delay its plans to phase out third-party cookies that track users across the web. U.S.-listed shares of Criteo SA [s; CRTO] are up more than 12% in Thursday's session, while shares of The Trade Desk Inc. are up more than 17% and shares of PubMatic Inc. are up more than 13%. Google now plans to phase out cookies on its Chrome browser in a third-month period that will end in late 2023, whereas the company... More here...
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