About: http://data.cimple.eu/news-article/ae9c41257e88b1076b89048df3aed199ed7bd2d289605753041c3f99     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

AttributesValues
rdf:type
schema:articleBody
  • The S&P 500 edged to a record on Wednesday while the Nasdaq dipped as US President Joe Biden again called for infrastructure investment and Federal Reserve minutes showed inflation fears have risen somewhat. US equities avoided major swings throughout the session as Biden cast his proposed $2 trillion infrastructure plan as a make-or-break moment for ensuring US supremacy on the world stage against a rising China. The president's remarks came as Treasury Secretary Janet Yellen campaigned for a global minimum corporate tax that would align other major economies with the Biden's administration plan to increase business taxes to finance the public works package, which has drawn opposition from congressional Republicans. Meanwhile, Fed minutes showed most policy makers viewed inflation as stable, even as "several" central bankers worried that strong demand "could push up price inflation more than anticipated." The Dow Jones Industrial Average edged up 0.1 percent to 33,466.26. The broad-based S&P 500 added 0.2 percent at 4,079.95 to narrowly overtake Monday's record, while the tech-rich Nasdaq Composite Index slipped 0.1 percent to 13,688.84. Among individual companies, JPMorgan Chase gained 1.6 percent after Chief Executive Jamie Dimon predicted the US economy would see a "likely boom" potentially through 2023 following a flood of fiscal support. However Dimon pointed to two risks that could derail this scenario -- virulent Covid-19 variants that resist vaccines and a more long-running rise in inflation that compels the Fed to hike interest rates quickly. Carnival jumped 1.3 percent as it reported that cruise booking volumes were about 90 percent higher in the first quarter compared with the prior three-month stretch, reflecting pent-up demand as Covid-19 restrictions lift. jmb/cs
schema:headline
  • S&P 500 edges to record as Fed eyes inflation risk
schema:mentions
schema:author
schema:datePublished
http://data.cimple...sPoliticalLeaning
http://data.cimple...logy#hasSentiment
http://data.cimple...readability_score
http://data.cimple...tology#hasEmotion
Faceted Search & Find service v1.16.115 as of Oct 09 2023


Alternative Linked Data Documents: ODE     Content Formats:   [cxml] [csv]     RDF   [text] [turtle] [ld+json] [rdf+json] [rdf+xml]     ODATA   [atom+xml] [odata+json]     Microdata   [microdata+json] [html]    About   
This material is Open Knowledge   W3C Semantic Web Technology [RDF Data] Valid XHTML + RDFa
OpenLink Virtuoso version 07.20.3238 as of Jul 16 2024, on Linux (x86_64-pc-linux-musl), Single-Server Edition (126 GB total memory, 11 GB memory in use)
Data on this page belongs to its respective rights holders.
Virtuoso Faceted Browser Copyright © 2009-2025 OpenLink Software