STOCKS CLIMB: Here's what you need to know
Mike Segar/Reuters
All three major US stock indexes closed at their record highs, with the Nasdaq gaining the most of the three.
We've got all of the headlines, but first, the scoreboard:
- Dow: 22,338.87, +54.55, (+0.24%)
- S&P 500: 2,506.66, +9.97, (+0.39%)
- Nasdaq: 6,453.26, +54.55, (+1.15%)
- The outline for the Trump tax plan was released. The nine-page plan pegged the tax cut for corporations at 20%, down from teh current 35% federal statutory rate. It also would shift from seven to three individual tax brackets.
- Trump said the 20% corporate tax is now his 'red line.' Trump told reporters that he will not allow the corporate rate to go higher than 20%. The president promised to cut the rate to 15% since the start of his campaign.
- Amazon introduces a slew of new products. Many of the products introduces by Amazon are focused around the Echo line of products and also integrated the voice assistant Alex into a slew of goods including BMW cars.
- The US Department of Commerce proposed a tariff of 219.63% for each Bombardier C Series airliner imported into the US. Boeing filed a complaint in April alleging Delta's order for 75 of the Bombardier jets is a result of ultra-low prices subsidized by the Canadian government. This could help boost Boeing's sales to US airlines.
- Morgan Stanley CEO James Gorman says bitcoin is 'more than just a fad.' While speaking at a conference hosted by The Wall Street Journal, Gorman said he thought bitcoin was "certainly more than just a fad." Still, though Gorman sees some potential in the digital coin, he has not invested in it.
Additionally:
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There are still huge parts missing from the newest Trump tax plan
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- US buys 81 Soviet-era combat aircraft from Russia's ally costing on average less than $20,000 each, report says
- 2 states where home prices are falling because there are too many houses and not enough buyers
- A couple accidentally shipped their cat in an Amazon return package. It arrived safely 6 days later, hundreds of miles away.
- Foreign tourist arrivals in India will cross pre-pandemic level in 2024
- Upcoming smartphones launching in India in May 2024
- Markets rebound in early trade amid global rally, buying in ICICI Bank and Reliance
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- Rupee declines 5 paise to 83.43 against US dollar in early trade
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
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- Nestle Sept 2023 report
- India Equity Market