GSPC: 40.17 (up to 1.25%) 3258.61
Dow (DJI): 162.76 (up to 0.62%) 26,542.04
Nasdaq (IXIC): up to 140.85 (up to 1.35%) 10,542.94
Gross (CL – F): $0.22 (up to 0.54%) $41.26 consistent with barrel
Gold (GC – F): $14.30 (up to 0.74%) $1,958.90 consisting of ounce
10-Year Treasury (TNX): -0.2 bp for a yield of 0.5790%
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Fed President Powell at his press convention Wednesday afternoon told reporters that the central bank had not yet reached a resolution on forward-looking directions, or pointing out cases under which the Fed would convert existing policy or link long-term assets. economic effects or dates.
“We haven’t made any decisions on this,” Powell said. He added that “there is a charm for everyone who has the situation” when it comes to implementing forward-looking statements based on effects or date.
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The FOMC’s resolution to freeze rates on Wednesday and a cautious position on the road to the virus-affected economy were widely awaited by economists, reflecting the Fed’s fear of replacing its policy with anything other than the ultra-favorable position it has come out of. the beginning. pandemic in the United States.
Rubeela Farooqi, America’s leading economist for High Frequency Economics, the decision:
Unsurprisingly, Fed President Powell’s statement. He reiterated the Fed’s commitment to use its equipment for as long as necessary to provide relief and stability, ensure as strong a recovery as possible, and restrict lasting damage to the economy. Powell said politics was good, though the Fed is willing to adjust it if necessary.
At the top for individuals, Powell noted that, in reaction to the biggest surprise to the U.S. economy, the fiscal reaction was strong, immediate, broad, and appropriate. More fiscal and financial policy is needed. People hired in industries who are now subject to new regulations will find it difficult to find a job. These other people will want to continue paying their bills, hire and keep spending money.
Net, a lot of uncertainty around customers with the virus’s track record. Economic activity appears to have slowed in reaction to the buildup of infections. The Fed will continue to monitor and supply. The matrix budget will also be needed in the future.
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The 3 primary indices reached maximum consultation shortly after foMC issued its July statement, in which officials reaffirmed their commitment to use their full toolkit for the economy and left rates unchanged at close to zero.
Here are the market movements, at 2:09 p.m. And:
GSPC: 29.92 problems (up to 0.93%) 3248.37
Dow (^DJI): +99.16 points (+0.38%) to 26,478.44
Nasdaq (IXIC): up to 111.3 numbers (up to 1.07%) 10515.00
Gross (CL – F): $0.18 (up to 0.44%) $41.22 consistent with barrel
Gold (GC – F): $8.10 (up to 0.42%) $1952.70 consistent with ounce
10-Year Treasury (TNX): 0.3 bp for a yield of 0.584%
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Rhode Island Democrat David Cicilline, chairman of the House antitrust subcommittee, presented the antitrust hearing with executives from Amazon, Apple, Facebook and Google shortly after 1 p.m. And on Wednesday
In its opening remarks, Cicilline said the subcommittee had gained “millions of pages of evidence” from the generation corporations they certified Wednesday since September last year, when the subcommittee issued requests for information.
“Many of the practices used through these corporations have negative economic effects. They discourage entrepreneurship, destroy jobs, raise prices and degrade quality,” Cicilline said, reading ready comments.
“This force prevents a new bureaucracy of competition, creativity and innovation,” he added. “And while these dominant corporations can still produce new, cutting-edge products, their dominance kills the small businesses, production, and overall dynamism that drive the U.S. economy.”
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President Donald Trump said in an article on Twitter Wednesday afternoon that he would “bring capital to Big Tech” with orders, if Congress withdraws after Wednesday’s hearing with the CEOs of primary-generation companies.
If Congress doesn’t bring equity to primary technologies, which they did years ago, I’ll do it myself with executive orders. In Washington, ALL WE TALKED AND NO ACTION have passed years, and the other people in our country have had enough!
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used the Defense Protection Act (DPA) to fund projects through Eastman Kodak (KODK) and FUJIFILM (FUJIY) to manufacture essential medical supplies. “Reagent to Data”99”- Kodak, a largely omitted logo amid advances in photo and smartphone generation, discovered a friend in President Trump and Wall Street. On Tuesday, the Trump administration used the Defense Protection Act (DPA) to fund projects for Eastman Kodak (KODK) and FUJIFILM (FUJIY) to manufacture essential medical supplies.
it received a $765 million loan to move on to the production of active ingredients from generic drugs, a product widely produced at the Facilities in India and China. “reactive to data – 100” – As a component of the CCA, Kodak received a $765 million loan to boost the production of active ingredients for generic drugs, a product widely produced in services in India and China.
The end result is that Kodak’s shares increased five-fold in the early hours of Wednesday. Not bad for a largely forgotten company in a world of smartphones and virtual technologies.
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Pending sales of homes in the United States increased for a month directly in June and through a larger margin than expected, according to the National Association of Realtors on Wednesday.
Sales of outstanding homes increased 16.5% in June after a record 44.3% in May. Signalling the contract point has also increased until last year, a sign of a sustained recovery in the real estate market.
a statement. “Consumers are gaining advantages from traditionally low loan rates that result from the Fed’s maximum liquidity financial policy.” “Reactive to data:” 106″” It is unexpected and remarkable that, amid a global pandemic, contractual activity for home purchases is higher than that of a year ago,” Lawrence Yun, NAR’s leading economist, said in a statement. gain advantages from traditionally low loan rates that result from the Fed’s maximum liquidity financial policy.
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Here are the market movements at 9:31 a.m. ET:
GSPC: 11.92 problems (up to 0.37%) 3230.36
Dow (DJI): up to 22.49 numbers (up to 0.09%) 26401.77
Nasdaq (IXIC): up to 69.52 numbers (up to 0.67%) 10471.57
Gross (CL – F): $0.27 (up to 0.66%) $41.31 consistent with barrel
Gold (GC – F): $10.40 (up to 0.53%) $1955.00 consistent with ounce
10-Year Treasury (TNX): -0.2 bp for a yield of 0.579%
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The problems of Boeing’s 737 MAX continued to hamper its operations and will decrease production on two separate routes. The mess helped make a operational gap of approximately $2.4 billion in Boeing’s (BA) monetary results transparent. However, the company said it is making “constant progress” in bringing the flagship aircraft back to the sky. “Reagent to Data – 119” – Coronavirus has wreaked havoc on the world’s largest aircraft manufacturer and the largest U.S. automaker. The problems of Boeing’s 737 MAX continued to hamper its operations and will decrease production on two separate routes. The mess helped destroy an operating gap of approximately $2.4 billion in Boeing’s (BA) monetary results. However, the company said it is making “constant progress” to return the flagship aircraft to the sky.
GM suffered a loss as COVID-19-like production closures resulted in a net loss of $806 million for the quarter. However, inventory (GM) increased by more than 4% in pre-marketing action. “Reagent to data – 120” – Meanwhile, GM suffered a loss, while COVID-19-like production closures resulted in a net loss of $806 million in Stock (GM), however, they increased by more than 4% in pre-market stock.
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These are the market movements at 7:18 a.m. ET:
S-P 500 (ES-F) Futures: 3218.75, up to 5.75 emissions or 0.18%
Dow Futures (YM – F): 26309.00, up to 12 points, or 0.05%
Nasdaq Futures (NQ-F): 10588.75, up to 48.75 points, or 0.46 consistent with percent
Gross (CL – F): $0.40 (up to 0.97%) $41.44 consistent with barrel
Gold (GC – F): $8.20 (up to 0.42%) $1,952.80 consistent with ounce
10-Year Treasury (TNX): 1.1 bp for a yield of 0.592%
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According to the Mortgage Bankers Association, the volume of index tracking loan programs fell in the week ending July 24 for the first time in 4 weeks.
Purchase requisitions decreased by 2%, adjusted by seasonality, per week, but remained 21% above the same week last year on a seasonally uns fitsted basis. Refinancing fell 0.4%, but was 121% higher than last year’s era.
Overall, the inventory market composite index fell by 0.8%, adjusted seasonally, to mark a slowdown after a 4.1% gain last week.
“Mortgage rates remained close to the historic lows of traditional loans last week, and refinancing in the traditional sector continued slightly. However, FHA loan rates have increased, resulting in a decrease of approximately 18% in FHA refinancing,” said Mike Fratantoni, senior vice president and leading economist at MBA.
“Homebuyers declined slightly and there was a larger decrease in the volume of FHA, VA and USDA loan takeover applications,” he added. “This trend, as well as the fact that average loan amounts are expanding, means that first-time prospective buyers are most affected by the growing economic tension caused by the resurgence of COVID-19 cases, as well as uncertainty about how a government cycle works will take shape.”
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Equity futures opened the top night’s consultation after a decrease in Tuesday’s normal consultation. These are the main advances in the inventory market at 6:01 p.m. And:
S-P 500 (ES-F) Futures: 3216.75, up to 3.75 emissions or 0.12%
Dow Futures (YM – F): 26305.00, upstream points, or 0.03%
Nasdaq Futures (NQ-F): 10566.5, up to 26.5 points, or 0.25%
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