Investors should be aware of the following five essential points before beginning the trading day:
1. Slaught in 5.5k The Nasdaq Composite and S&P 500 records appear to be made to be broken. Tuesday’s trading session saw a 0.62% increase in the broad market index, which closed at 5,509.01.
2. Unable to The hollow promise of fintech is hurting Americans. Almost 100,000 Americans who had deposits totaling $265 million had their accounts locked because Synapse, a fintech intermediary, failed.
3. Retrospection The deal has been revived. Skydance and National Amusements have signed a preliminary agreement to merge with Paramount. This comes just weeks after an earlier attempt at a transaction fell down.
4. Still not there Interest rate cuts are not yet appropriate due to inflation. He is happy with the amount of progress inflation has made over the previous year but isn’t yet comfortable enough to make any cutbacks.
5. A certificate of authenticity The FDA has formally approved Eli Lilly’s Alzheimer’s medication. Donanema, to be marketed as Kisunla, was given FDA approval on Tuesday for use by adults with early-stage symptomatic Alzheimer’s disease.
Source (CNBC)
