U.S. equity markets flirted with record highs Friday as President Biden was set to unveil his $6 trillion budget proposal and investors sifted through economic data and earnings reports.
The Dow Jones Industrial Average gained 152 points, or 0.44%, while the S&P 500 and the Nasdaq Composite advanced 0.29% and 0.34%, respectively. Both the Dow and the S&P 500 finished Wednesday within 1% of their respective all-time highs. The Nasdaq was within 3% of its own record peak.
Of course they did.
The expected deficit is almost 30% of his proposal, $1.8 trillion. Personal income in April fell 13.1% and core PCE, which is “inflation”…….
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