Stocks Finish Mixed as Major Tech Faces Earnings Week
U S stock indexes closed mixed as investors eyed upcoming results from Microsoft Meta Apple and Amazon and a Fed meeting. The S&P 500 rose 0.1 percent to 5463.54 while the Dow slipped 0.1 percent to 40539.93 and the Nasdaq gained 0.1 percent to 17370.20. ON Semiconductor jumped 11.5 percent on stronger spring profit. McDonald’s rose 3.7 percent despite soft quarterly results. Oil names fell after crude prices eased with ConocoPhillips down 1.6 percent and Exxon Mobil off 1 percent. The Russell 2000 gained for the month though retreated Monday as big tech softened and investors awaited guidance on future rate cuts. The Fed meets this week with a likely rate hold and a possible easing move in September. Treasury yields held steady with the 10 year around 4.17 percent.
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Associated Press
All American Flag Act aims for fully U S made flags
Congress advances the All American Flag Act requiring federal purchases of flags manufactured entirely in the United States. Senators Susan Collins and Sherrod Brown tout jobs and patriotism while noting most U S flag imports, mainly from China, would be cut. The measure, sent to President Biden, tightens rules beyond current half-made U S products.
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Judge bans Wayne LaPierre from NRA role for 10 years
New York judge declines to appoint an independent monitor over the NRA finances while banning former NRA chief Wayne LaPierre from a paid role for a decade. The ruling follows Letitia James’s suit alleging misspending and seeks strong reforms without dissolving the organization.
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