Appetite for Risk Returns on Wall Street Rally
Stocks closed higher led by technology and communication giants including Microsoft, Alphabet, Facebook and Twitter as the S&P 500 rose 1 percent. Dow gained 186 points and Nasdaq climbed 1.4 percent while bond yields fell signaling inflation expectations fueling the rally. Investors eye Dell and Salesforce results as earnings season nears its end and tech’s growth remains a key driver.
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Google
Facebook
Twitter
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Rob Haworth
U.S. Bank Wealth Management
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Salesforce.com
Ryan Detrick
LPL Financial
Biden presses for GOP counteroffer on infrastructure talks
The White House said President Biden awaits a Republican counteroffer after a GOP group rejected his 1.7 trillion plan, leaving talks stalled before Memorial Day. Psaki said Biden is eager to engage and hopes for more talks as Democrats weigh moving ahead without GOP support.
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Joe Biden
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Jen Psaki
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Biden doubles emergency spending to prep for hurricanes and climate risks
President Biden announces a $1 billion increase in BRIC funding to bolster U S. communities against disasters. The plan includes NASA climate work and expanded NOAA hurricane forecasts as officials warn of a busy Atlantic season and ongoing droughts, floods and wildfires.
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Peloton to Build First U S Factory in Ohio at Peloton Output Park
Peloton plans a $400 million Ohio plant at the 200 acre Peloton Output Park to produce Bike and Tread gear starting 2023. Groundbreaking in Troy Township is planned for this summer with over 2,000 Ohio jobs, as the NY company expands amid pandemic demand.
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Peloton Interactive Inc
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