What to Make of NKE's Pre-Earnings Sprint

The Dow is extending yesterday's gains with a 70-point pop

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6/22/2021 Have you seen our volatility scorecard? Sign up by clicking here! Stocks Continue Climb, Nasdaq Snags Record Close By: Lillian Currens The major indexes are extending their strong recovery following last week's selloff, with the Dow this afternoon landing a 68-point pop. The Nasdaq meanwhile, made some headway, erasing its morning losses and hitting a fresh record high, as tech investors brushed off the probe into Alphabet's (GOOGL) advertising unit. The S&P 500, meanwhile, settled just within a chip-shot of a fresh record.  Wall Street's attention was focused on Federal Reserve Chairman Jerome Powell's testimony before the House of Representatives, which occurred this afternoon, though the central bank leaders remarks were released late Monday night -- hinting at the removal of some of the emergency stimulus measures put in place by the Fed during the pandemic. Meanwhile, Bitcoin (BTC) saw another day of wild price action -- dropping below the $30,000 level earlier in the session, before turning positive later in the day, closing just below $33,000. Continue reading for more on today's market, including: Is Nike stock's pre-earnings run higher here to stay? The reason MicroVision stock bombed today.   Plus, why FUBO call activity is red-hot; GME sees another surge; and breaking down 1 steel stock's selloff.  Share on Read More...       Is Biden About to Ban Bitcoin? Bitcoin could crash soon. And even if you don't have a penny in cryptos YOU are going to feel the impact. The government is so afraid of cryptocurrency that some worry Biden will ban Bitcoin using a "backdoor" approach. Investors who know what to do could grow their money 60-fold in the months ahead. Get details here. Sponsored In Case You Missed It... Can Nike Stock Sustain Its Pre-Earnings Rally? Nike reports earnings after the close on Thursday, June 24 Options Bulls Eye FUBO's Russell 3000 Inclusion FUBO will join the Russell 3000 Index, effective June 28 Major Benchmarks Flat at Midday as Bitcoin Plummets The Dow is up a modest 70 points this afternoon GameStop Stock Pops Following Billion-Dollar Equity Offering GameStop raised $1.13 billion after selling five million shares of its common stock Bitcoin Crackdown Could Be Days Away Evidence is growing that the U.S. government is conspiring to take down Bitcoin. The CEO of Kraken, a top crypto exchange, warns a "crackdown" is coming. And if you have a bank account, collect Social Security or get a paycheck, it is going to impact you, even if you don't own Bitcoin! Urgent briefing has the details. Sponsored Want More Minute-to-Minute Updates? Ranking the most volatile stocks → Schaeffer's Volatility Scorecard Before the market opens → Opening View Midday check-in → Midday Market Check Last week's rundown → 5 Minute Market Rundown Analyzing the current market climate → Monday Morning Outlook What's on our CEO's radar this week → Chart of the Week Schaeffer's has a podcast, have you given us a listen?       ADVERTISE // CAREERS // SHOP Be sure to add us to your contacts so you don't miss out on any news! Unsure of how to do that? Follow our instructions located here. For more information about our privacy practices, please review our Privacy Policy or our Terms & Conditions. 5151 Pfeiffer Road Cincinnati, OH 45242 If you didn't create an account using this email address or no longer wish to receive these emails, please unsusbscribe here.