S&P 500 snaps losing streak with tax hikes, inflation data on horizon

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S&P 500 snaps losing streak with tax hikes, inflation data on horizon

Reuters2021-09-14

NEW YORK (Reuters) - The S&P 500 closed higher on Monday, ending a five-day losing streak as investors focused on potential corporate tax hikes and upcoming economic data. The Dow Jones Industrial ...

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TYHzir
·2021-09-18
Like
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1
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Portfolio50
·2021-09-14
It will be a volatile month, equals opportunities!
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2
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james_l
·2021-09-14
Hard to say whats gonna happen rest of september
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2
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Deonc
·2021-09-14
Identifying exit points is key, both to limit downside losses and to take profits before those opportunities disappear.
Reply
6
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- Deonc:
  comment please
  2021-09-14
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- Deonc:
  comment
  2021-09-14
  Reply
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- Deonc:
  please like and comment, if agree
  2021-09-14
  Reply
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Alexsj2021
·2021-09-14
Like pls
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3
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- Boo2bear:
  Liked. Pls like back
  2021-09-14
  Reply
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Timjoe
·2021-09-14
Like like
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woshihui
·2021-09-14
like
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1
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ac1887
·2021-09-14
Good
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4
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Nana_seven
·2021-09-14
Like pls
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7
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- Boo2bear:
  Liked. Pls like back
  2021-09-14
  Reply
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- ac1887:
  Good
  2021-09-14
  Reply
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小辉goPro
·2021-09-14
Like
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5
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- Alexsj2021:
  Ok
  2021-09-14
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Victorhc88
·2021-09-14
Like pls
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4
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- jcwe:
  ok
  2021-09-14
  Reply
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Pita2
·2021-09-14
Hmm
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6
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- Han96:
  ??
  2021-09-14
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BrightAim
·2021-09-14
?
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4
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- cHao7:
  ok
  2021-09-14
  Reply
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Boo2020
·2021-09-14
Hi
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- Boo2020:
  k
  2021-09-14
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Ck38
·2021-09-14
Pls like
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- kaido:
  like
  2021-09-14
  Reply
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- ZCZC:
  [强]
  2021-09-14
  Reply
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flyingsimon
·2021-09-14
Oh nose!
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8
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- SimonTan91:
  nose
  2021-09-14
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GoatYen
·2021-09-14
[財迷] [財迷]
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- GoatYen:
  [财迷]
  2021-09-14
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- jaycze:
  Ok
  2021-09-14
  Reply
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pkycme
·2021-09-14
Like
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- pkycme:
  F
  2021-09-14
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- Kok:
  ok
  2021-09-14
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Vikkilai
·2021-09-14
Ok
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5
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Targarean
·2021-09-14
Be patient and wait for October when Q3 results are coming out
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The S&P 500 closed higher on Monday, ending a five-day losing streak as investors focused on potential corporate tax hikes and upcoming economic data.\nThe Dow Jones Industrial Average also advanced, but the Nasdaq Composite Index ended lower.\nInvestors favored value over growth, with stocks set to benefit most from a resurging economy enjoying the biggest percentage gains.\n“There are probably not a lot of positive surprises coming this month,” said Liz Young, head of investment strategy at SoFi in New York. “We’re having another period of volatility where I think that rotation could go back to cyclicals and the reopened trade, as the 10-year bond rate slowly grinds higher through the end of the year.”\nMarket participants are focused on the likely passage of U.S. President Joe Biden’s $3.5 trillion budget package, which is expected to include a proposed corporate tax rate hike to 26.5% from 21%.\nGoldman Sachs analysts see the corporate tax rate increasing to 25% and the passage of about half of a proposed increase to tax rates on foreign income, which they estimate would reduce S&P 500 earnings by 5% in 2022.\nThe Labor Department is due to release its consumer price index data on Tuesday, which could shed further light on the current inflation wave and whether it is as transitory as the Fed insists.\n“I don’t see inflation settling back down under 2% where it was pre-pandemic,” Young added. “Even if some of those transitory forces weaken, we will still stay at a higher rate than we were before.”\nOther key indicators due this week include retail sales and consumer sentiment, which could illuminate how much the demand boom driven by economic re-engagement has been dampened by the highly contagious COVID-19 Delta variant.\nThe Dow Jones Industrial Average rose 261.91 points, or 0.76%, to 34,869.63, the S&P 500 gained 10.15 points, or 0.23%, at 4,468.73 and the Nasdaq Composite dropped 9.91 points, or 0.07%, to 15,105.58.\nOf the 11 major sectors in the S&P 500, healthcare suffered the largest percentage loss, while energy, buoyed by rising crude prices was the biggest gainer.\nShares of vaccine makers Moderna and Pfizer Inc sank 6.6% and 2.2%, respectively, after experts said COVID booster shots are not widely needed.\nCoinbase Global Inc announced plans to raise about $1.5 billion through a debt offering aimed at funding product development and potential acquisitions. The cryptocurrency exchanges shares slid 2.2%.\nSalesforce.com Inc dipped 1.2% as rival Freshworks Inc’s regulatory filing indicated that the business engagement and customer engagement software company is aiming for a nearly $9 billion valuation in it U.S. debut.\nAdvancing issues outnumbered declining ones on the NYSE by a 1.60-to-1 ratio; on Nasdaq, a 1.02-to-1 ratio favored advancers.\nThe S&P 500 posted 12 new 52-week highs and one new low; the Nasdaq Composite recorded 53 new highs and 71 new lows.\nVolume on U.S. exchanges was 10.30 billion shares, compared with the 9.29 billion average over the last 20 trading 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will be a volatile month, equals opportunities!","listText":"It will be a volatile month, equals opportunities!","text":"It will be a volatile month, equals opportunities!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/886557433","repostId":1178276551,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":886563882,"gmtCreate":1631606449546,"gmtModify":1676530588136,"author":{"id":"3563436875655076","authorId":"3563436875655076","name":"james_l","avatar":"https://static.tigerbbs.com/7960ea5c640db331ff2de0da32f6a611","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3563436875655076","authorIdStr":"3563436875655076"},"htmlText":"Hard to say whats gonna happen rest of september","listText":"Hard to say whats gonna happen rest of september","text":"Hard to say whats gonna happen rest of september","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/886563882","repostId":1178276551,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":886241501,"gmtCreate":1631599554703,"gmtModify":1676530586322,"author":{"id":"3569316529855154","authorId":"3569316529855154","name":"Deonc","avatar":"https://static.tigerbbs.com/d9aa45dd2eb58357f6477dcfb99d1415","vip":1,"crmLevel":3,"crmLevelSwitch":1,"idStr":"3569316529855154","authorIdStr":"3569316529855154"},"htmlText":"Identifying exit points is key, both to limit downside losses and to take profits before those opportunities disappear.","listText":"Identifying exit points is key, both to limit downside losses and to take profits before those opportunities disappear.","text":"Identifying exit points is key, both to limit downside losses and to take profits before those opportunities disappear.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/886241501","repostId":1178276551,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5865974,"gmtCreate":1631623424719,"gmtModify":1663233872627,"authorId":3569316529855154,"author":{"id":3569316529855154,"idStr":"3569316529855154","authorId":3569316529855154,"name":"Deonc","avatar":"https://static.tigerbbs.com/d9aa45dd2eb58357f6477dcfb99d1415","vip":1,"crmLevel":3,"crmLevelSwitch":1,"individualDisplayBadges":[{"badgeId":"9427a906234c4b18a82ec3d7730b7fa8-1","templateUuid":"9427a906234c4b18a82ec3d7730b7fa8","name":"Star Contributor","description":"Have published 3 or more picked posts, and have published at least one picked post and participated in comments within 30 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please"},{"id":5864795,"gmtCreate":1631614165925,"gmtModify":1663233865229,"authorId":3569316529855154,"author":{"id":3569316529855154,"idStr":"3569316529855154","authorId":3569316529855154,"name":"Deonc","avatar":"https://static.tigerbbs.com/d9aa45dd2eb58357f6477dcfb99d1415","vip":1,"crmLevel":3,"crmLevelSwitch":1,"individualDisplayBadges":[{"badgeId":"9427a906234c4b18a82ec3d7730b7fa8-1","templateUuid":"9427a906234c4b18a82ec3d7730b7fa8","name":"Star Contributor","description":"Have published 3 or more picked posts, and have published at least one picked post and participated in comments within 30 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</p>"},{"id":5863168,"gmtCreate":1631599713853,"gmtModify":1663233855743,"authorId":3569316529855154,"author":{"id":3569316529855154,"idStr":"3569316529855154","authorId":3569316529855154,"name":"Deonc","avatar":"https://static.tigerbbs.com/d9aa45dd2eb58357f6477dcfb99d1415","vip":1,"crmLevel":3,"crmLevelSwitch":1,"individualDisplayBadges":[{"badgeId":"9427a906234c4b18a82ec3d7730b7fa8-1","templateUuid":"9427a906234c4b18a82ec3d7730b7fa8","name":"Star Contributor","description":"Have published 3 or more picked posts, and have published at least one picked post and participated in comments within 30 days","bigImgUrl":"https://community-static.tradeup.com/news/1866dcf97a73be1c330f85862546aedc","smallImgUrl":"https://community-static.tradeup.com/news/4f5c5fa8e2c7683bb5a7fce8753ee456","redirectLinkEnabled":1,"redirectLink":"https://ttm.financial/activity/market/2023/star-contributors/","hasAllocated":1,"isWearing":0,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.10.29","individualDisplayEnabled":1,"backgroundColor":{"dark":"#675a37","tint":"#f9ebc2"},"fontColor":{"dark":"#ffffff","tint":"#ab7a0e"},"individualDisplaySort":0,"categoryType":2007}]},"repliedAuthorId":0,"objectId":886241501,"type":1,"supId":0,"prevId":0,"content":"<p>please like and comment, if agree</p>","text":"<p>please like and comment, if agree</p>","html":"<p>please like and comment, if agree</p>"},{"id":5864796,"gmtCreate":1631614172518,"gmtModify":1631884259860,"authorId":3569316529855154,"author":{"id":3569316529855154,"idStr":"3569316529855154","authorId":3569316529855154,"name":"Deonc","avatar":"https://static.tigerbbs.com/d9aa45dd2eb58357f6477dcfb99d1415","vip":1,"crmLevel":3,"crmLevelSwitch":1,"individualDisplayBadges":[{"badgeId":"9427a906234c4b18a82ec3d7730b7fa8-1","templateUuid":"9427a906234c4b18a82ec3d7730b7fa8","name":"Star Contributor","description":"Have published 3 or more picked posts, and have published at least one picked post and participated in comments within 30 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</p>"}],"langContent":"EN"},{"id":886262418,"gmtCreate":1631596328434,"gmtModify":1676530585630,"author":{"id":"3578806965809804","authorId":"3578806965809804","name":"Alexsj2021","avatar":"https://static.tigerbbs.com/118ce3f5ead4a1ff38f3cc0783c1ccbc","vip":1,"crmLevel":5,"crmLevelSwitch":1,"idStr":"3578806965809804","authorIdStr":"3578806965809804"},"htmlText":"Like pls&nbsp;","listText":"Like pls&nbsp;","text":"Like 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