The S&P 500 rose to an all-time high on Thursday as investors shrugged off a key inflation report that showed a bigger-than-expected increase in price pressures.
Consumer prices for May accelerated at their fastest pace since the summer of 2008 amid the economic recovery from the pandemic-triggered recession,The consumer price index, which represents a basket including food, energy, groceries and prices across a spectrum of goods, rose 5% from a year ago. Economists surveyed by Dow Jones had been expecting a gain of 4.7%.
Fears of spiking inflation have weighed on the stock market in the last month, with investors worried the jump in prices will raise costs for companies, spark a move higher in interest rates and cause the Federal Reserve to remove its easy money policies.
So record close with over $500B parked at the FED overnight for 0%. If we closed at new record even with tech close to highs, where does the marginal debt and leverage stands as of now?
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US has bought and will donate 500 million doses of Pfizer's vaccine worldwideThe US has purchased and will donate 500 million doses of Pfizer's Covid-19 vaccine worldwide as it seeks to be a key player in getting other nations vaccinated, a person familiar with the move told CNN. It’s a really great news, this is exactly what country like USA need to do I wish I owned 0.00001% of Pfizer stocks The world will be a lot less crowded by the time this is over 😎
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U.S. To Buy 500 Million Vaccines To Donate To Other CountriesThe U.S. will share millions of doses of Pfizer's COVID-19 vaccine with dozens of lower-income countries through the global COVAX alliance.
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U.S. to Buy 500 Million Pfizer Doses to Donate AbroadThe shots are a big improvement on the White House’s global effort but far from the estimated 11 billion doses needed worldwide to end the pandemic. DougJBalloon
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Source: WSJ - 🏆 98. / 63 Read more »