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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jul 03, 2021
Page
11
Market update shows Alliant at 56.42, Arch Dan 60.63, Deere 352.50, GenMills 60.22, Ingredion 91.44, PepsiCo 148.91, Raytheon 86.70, with several names up or down slightly. Minor changes indicate cautious trading for regional investors.
Walmart introduced a private label insulin ReliOn NovoLog at about 73 dollars per vial, far below typical prices of 300 plus dollars. The move prompts debate over drug pricing, industry practices, and potential collusion as lawmakers weigh protections.
Wall Street posted new highs as the S&P 500 rose 0.8 percent for a seventh straight gain and the Nasdaq also hit a record. The Dow gained 152.82 points to 34,786.35 as energy and banks lagged while Treasury yields fell. Microsoft rose 2.2 percent and Apple gained 2 percent. Boeing slipped 1.27 percent after a strong year.
Critics say the $11 trillion passive stock market swell threatens ethical investing and price discovery. They warn of rising concentration among BlackRock and Vanguard, potential underperformance of large caps, and biases in index funds affecting capital allocation and market signals.
Twitter tests redesigned labels to improve noticeability and clarity after criticism of the word disputed. An orange stay informed tag appears for general misinformation while stronger warnings use misleading with a red exclamation point, with limited interaction on the most serious posts.
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