Ruzzer
2021-06-22
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5 things to know before the stock market opens Tuesday
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GameStop pops\nFed chief Powell set to testify ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/22/5-things-to-know-before-the-stock-market-opens-tuesday-june-22.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>5 things to know before the stock market opens Tuesday</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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GameStop pops\nFed chief Powell set to testify ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/22/5-things-to-know-before-the-stock-market-opens-tuesday-june-22.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite","SPY":"标普500ETF"},"source_url":"https://www.cnbc.com/2021/06/22/5-things-to-know-before-the-stock-market-opens-tuesday-june-22.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1174887682","content_text":"Here are the most important news, trends and analysis that investors need to start their trading day:\n\nWall Street looks steady after comeback rally; GameStop pops\nFed chief Powell set to testify before House panel\nChina’s crypto crackdown continues to knock bitcoin\nEU opens antitrust probe into Google’s advertising unit\nNYC Democrats to vote in Tuesday’s mayoral primary\n\n1. Wall Street looks steady after comeback rally; GameStop pops\nU.S. stock futureswere flat Tuesday, one day after theDowrecovered a big chunk of last week's 3.5% plunge on theFederal Reserve's interest rate hike timetable shift. The 30-stock averagejumped 586 points, or nearly 1.8%, to start the week. TheS&P 500gained 1.4%, sitting within 1% of its record high. TheNasdaqwas Monday's relative underperformer with a 0.8% advance.\nGameStop shares jumped 9% in the premarket after the video game retailer and original meme stocksaid it completeda previously announced sale of 5 million common shares, raising more than $1.1 billion. GameStop said it will use the proceeds for general corporate purposes as well as for investing in growth initiatives and maintaining a strong balance sheet.\n2. Fed chief Powell set to testify before House panel\nThe10-year Treasury yieldhas bounced around since last week's Fed-driven spike and Monday's brief dip to February lows. The 10-year yieldticked lowerTuesday to around 1.47%. Fed ChairmanJerome Powellgoes before a House panel in the afternoon, and investors will be looking for more clues on policymakers' inflation outlook boost and indications of two rate increases in 2023.\nIn prepared testimony, Powell said the economy is growing but faces continued threats from the Covid pandemic. He also noted thatinflation has risen notablybut repeated price pressures will be transitory. The Fed has kept short-term lending rates anchored near zero, while buying at least $120 billion of bonds each month.\n3. China's crypto crackdown continues to knock bitcoin\nBitcoinfell about 3% Tuesday,trading above $31,000. China's renewed crackdown on the cryptocurrency industryhas wipednearly $300 billion in value off the total digital currency market since Friday. While Beijing expanded its closures of bitcoin mining operations, China's central bank urged financial institutions not to provide services related to crypto activities. Bitcoin has plunged more than 50% from its all-time high in April near $65,000.\n4. EU opens antitrust probe into Google's advertising unit\nThe European Commission on Tuesdayopened a new antitrust investigationintoAlphabet's Google, looking into whether the tech giant favors its own online display ad technology services. As part of the probe, the EU's executive arm will be assessing the restrictions Google places on the ability of advertisers, publishers and other third parties to access data about user identity and user behavior. Earlier this month, the French competition authority fined Google $262 million for abusing its market power in online ads.\n5. NYC Democrats to vote in Tuesday's mayoral primary\nDemocratic voters in New York Citygo to the pollsTuesday to pick their party's mayoral nominee. Eight candidates — including former presidential candidate Andrew Yang and perceived front-runner Eric Adams — are hoping to replace Democratic MayorBill de Blasio, who can't run again because of term limits. Tuesday's Democratic primary, whose winner will be heavily favored in the November general election against the GOP's nominee, will be the city's first time usingranked-choice voting. Voters will list their preferences in order for up to five candidates. 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