Here are the most important news items investors need to start their trading day:
1. The market expects fireworks in the second half of the year
The stock market will begin with shortened trading days in the second half of the year. The market will close at 1 p.m. ET ahead of the July 4 holiday and will remain closed until Tuesday. Equity markets had a strong first half, but gains were uneven across the major indices.Expectations of artificial intelligence boosted 31.7% gains in tech-oriented firms in the first half Nasdaq.of S&P500 increased by 15.9%, Dow Jones Industrial Average It continued with an increase of 3.8%. As the second half begins, traders will focus on the June jobs report due out on Friday. Follow the live market updates here.
2. Yellen heads to China
Secretary of the Treasury Janet Yellen intention Meeting with Chinese officials in Beijing this week. Her visit comes amid years of intensifying competition between the world’s two largest economies, as the United States moves to step up its engagement with China.The United States reportedly Restriction under consideration AI chip exports from China are just the latest salvo in a long-running economic dispute between nations. The Treasury said Ms Yellen will work with Chinese officials to “responsibly manage relationships, communicate directly on areas of concern, and work together to address global challenges for the world’s two largest economies.” The importance of doing,” he said.Secretary of the Treasury outlined her priorities On US-China relations at the beginning of the year.
3. Tesla deliveries surge
Tesla delivery surged in the second quarter. The company delivered 466,140 vehicles during the same period, an increase of 83% year-on-year. The total amount exceeded Wall Street expectations. The surge follows efforts by electric car makers to ramp up production capacity, after offering incentives to increase sales in the United States.
4. Flood of flight delays
Due to storms and often associated staffing shortages, Frequent flight delays During the busy 4th of July travel period. More than 42,000 flights were delayed and more than 7,900 were canceled from Saturday to Friday last week.United there were worse times As a result, the airline offered 30,000 mileage miles to the most disturbed passengers. After a rough patch, we plan to consider adjusting the schedule.
5. Consequent term of office on the Supreme Court
On Friday, the conservative-majority Supreme Court handed down a ruling that will have far-reaching consequences for millions of Americans going forward.that Denied affirmative action This decision in college admissions not only affects whether students of color enroll in college, it can also influence employers’ hiring decisions.court a favorable judgment was handed down Web Designer Rejected Same-Sex Marriage Jobs Says – This opinion could influence how companies treat other protected groups.again knocked down president Joe BidenA plan to forgive up to $20,000 per federal student loan borrower as millions of Americans begin to consider resuming loan repayments. the budget is already maxed out by stubborn inflation.
– CNBC’s Samantha Soobin, Fred Imbert, Christine Wang, Laura Collodney, Leslie Josephs, Dan Mangan, and Annie Nova contributed to this report.
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