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2021-09-13
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Energy, financials help Wall Street rise from bruising week
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Financial stocks jumped 1%.</p>\n<p>Last week, Wall Street's indexes lost between 1.6% to 2.2% as a surge in August producer prices and a drop in jobless claims spurred fears the Federal Reserve could start unwinding stimulus as soon as this year.</p>\n<p>The August consumer price data, which is due on Tuesday, is also likely to be an important cue for the Federal Reserve's decision on tightening policy. A Reuters poll expects the reading to be steady from July.</p>\n<p>\"There's some inflation numbers coming out this week and the market will be looking through to next week's Fed meeting just to get an indication of color with the jobs report,\" said Thomas Hayes, managing member at Great Hill Capital in New York.</p>\n<p>\"Expectations are now that the September meeting will be inconsequential, in that they'll just punt to November on any concrete plans for taper.\"</p>\n<p>Also on the radar is the Biden government's corporate tax hike plan, which could result in the corporate tax rate rising to 26.5% from 21%.</p>\n<p>Goldman Sachs analysts predicted that a hike in the U.S. domestic corporate tax rate to 25% and the passage of about half of a proposed increase to tax rates on foreign income would reduce S&P 500 earnings by 5% in 2022.</p>\n<p>Investors will also be watching retail sales data later this week for more cues on how much a recent rise in COVID-19 cases has affected consumer spending.</p>\n<p>At 09:51 am ET, the Dow Jones Industrial Average rose 271.31 points, or 0.78% , to 34,879.03, the S&P 500 gained 21.74 points, or 0.49 %, to 4,480.32 and the Nasdaq Composite gained 11.51 points, or 0.08 %, to 15,127.01.</p>\n<p>While buying into economically sensitive sectors such as energy, financials and industrials has put the S&P 500 on a seven-month winning streak this year, a recent spike in infection of the Delta COVID-19 variant has dampened hopes of an economic recovery.</p>\n<p>Market participants expect stocks to undergo a major correction by the end of the year after a strong bull run.</p>\n<p>Biotechnology firm <a href=\"https://laohu8.com/S/RGNX\">Regenxbio Inc</a> surged nearly 30% after it entered a partnership with peer AbbVie to develop and sell a gene therapy candidate for the treatment of chronic retinal diseases.</p>\n<p>U.S.-listed Chinese stocks, including Alibaba Group Holding, fell after China outlined new regulations for major technology firms in the mainland.</p>\n<p>Advancing issues outnumbered decliners by a 2.2-to-1 ratio on the NYSE, while declining issues outnumbered advancers by about a 1.2-to-1 ratio on the Nasdaq.</p>\n<p>The S&P 500 posted 8 new 52-week highs and no new lows, while the Nasdaq recorded 35 new highs and 43 new lows.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEnergy, financials help Wall Street rise from bruising week\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-09-13 22:24</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>* Inflation, retail sales data on tap this week</p>\n<p>* Biden corporate tax hike in focus</p>\n<p>* S&P energy sector jumps 3.3%</p>\n<p>* Indexes up: Dow 0.78%, S&P 500 0.49%, Nasdaq 0.08%</p>\n<p>Sept 13 (Reuters) - Wall Street indexes on Monday rose from their worst week in several months, with economically sensitive stocks leading gains as focus turned to potential changes to corporate tax and monetary policy.</p>\n<p>But gains in the Nasdaq were held back by major technology stocks as investors pivoted to sectors more likely to benefit from an economic bounce back this year.</p>\n<p>Still, Apple Inc was the biggest boost to the tech-heavy index, rising 0.6% after a mixed court ruling in Epic Games' antitrust case against the iPhone maker knocked nearly $90 billion off its market value on Friday.</p>\n<p>The S&P energy sector was the best performer among its peers, up 3.3% as oil prices hit a <a href=\"https://laohu8.com/S/AONE.U\">one</a>-week high on concerns over U.S. supply. Financial stocks jumped 1%.</p>\n<p>Last week, Wall Street's indexes lost between 1.6% to 2.2% as a surge in August producer prices and a drop in jobless claims spurred fears the Federal Reserve could start unwinding stimulus as soon as this year.</p>\n<p>The August consumer price data, which is due on Tuesday, is also likely to be an important cue for the Federal Reserve's decision on tightening policy. A Reuters poll expects the reading to be steady from July.</p>\n<p>\"There's some inflation numbers coming out this week and the market will be looking through to next week's Fed meeting just to get an indication of color with the jobs report,\" said Thomas Hayes, managing member at Great Hill Capital in New York.</p>\n<p>\"Expectations are now that the September meeting will be inconsequential, in that they'll just punt to November on any concrete plans for taper.\"</p>\n<p>Also on the radar is the Biden government's corporate tax hike plan, which could result in the corporate tax rate rising to 26.5% from 21%.</p>\n<p>Goldman Sachs analysts predicted that a hike in the U.S. domestic corporate tax rate to 25% and the passage of about half of a proposed increase to tax rates on foreign income would reduce S&P 500 earnings by 5% in 2022.</p>\n<p>Investors will also be watching retail sales data later this week for more cues on how much a recent rise in COVID-19 cases has affected consumer spending.</p>\n<p>At 09:51 am ET, the Dow Jones Industrial Average rose 271.31 points, or 0.78% , to 34,879.03, the S&P 500 gained 21.74 points, or 0.49 %, to 4,480.32 and the Nasdaq Composite gained 11.51 points, or 0.08 %, to 15,127.01.</p>\n<p>While buying into economically sensitive sectors such as energy, financials and industrials has put the S&P 500 on a seven-month winning streak this year, a recent spike in infection of the Delta COVID-19 variant has dampened hopes of an economic recovery.</p>\n<p>Market participants expect stocks to undergo a major correction by the end of the year after a strong bull run.</p>\n<p>Biotechnology firm <a href=\"https://laohu8.com/S/RGNX\">Regenxbio Inc</a> surged nearly 30% after it entered a partnership with peer AbbVie to develop and sell a gene therapy candidate for the treatment of chronic retinal diseases.</p>\n<p>U.S.-listed Chinese stocks, including Alibaba Group Holding, fell after China outlined new regulations for major technology firms in the mainland.</p>\n<p>Advancing issues outnumbered decliners by a 2.2-to-1 ratio on the NYSE, while declining issues outnumbered advancers by about a 1.2-to-1 ratio on the Nasdaq.</p>\n<p>The S&P 500 posted 8 new 52-week highs and no new lows, while the Nasdaq recorded 35 new highs and 43 new lows.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"161125":"标普500","513500":"标普500ETF","QID":"纳指两倍做空ETF","DJX":"1/100道琼斯","TQQQ":"纳指三倍做多ETF","SQQQ":"纳指三倍做空ETF","IVV":"标普500指数ETF","SH":"标普500反向ETF","DOG":"道指反向ETF","UDOW":"道指三倍做多ETF-ProShares","UPRO":"三倍做多标普500ETF","SPXU":"三倍做空标普500ETF","SSO":"两倍做多标普500ETF","QLD":"纳指两倍做多ETF","09988":"阿里巴巴-W",".DJI":"道琼斯","SDOW":"道指三倍做空ETF-ProShares",".IXIC":"NASDAQ Composite","DDM":"道指两倍做多ETF","OEF":"标普100指数ETF-iShares",".SPX":"S&P 500 Index","OEX":"标普100","QQQ":"纳指100ETF","DXD":"道指两倍做空ETF","SDS":"两倍做空标普500ETF","PSQ":"纳指反向ETF","QNETCN":"纳斯达克中美互联网老虎指数"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2167584894","content_text":"* Inflation, retail sales data on tap this week\n* Biden corporate tax hike in focus\n* S&P energy sector jumps 3.3%\n* Indexes up: Dow 0.78%, S&P 500 0.49%, Nasdaq 0.08%\nSept 13 (Reuters) - Wall Street indexes on Monday rose from their worst week in several months, with economically sensitive stocks leading gains as focus turned to potential changes to corporate tax and monetary policy.\nBut gains in the Nasdaq were held back by major technology stocks as investors pivoted to sectors more likely to benefit from an economic bounce back this year.\nStill, Apple Inc was the biggest boost to the tech-heavy index, rising 0.6% after a mixed court ruling in Epic Games' antitrust case against the iPhone maker knocked nearly $90 billion off its market value on Friday.\nThe S&P energy sector was the best performer among its peers, up 3.3% as oil prices hit a one-week high on concerns over U.S. supply. Financial stocks jumped 1%.\nLast week, Wall Street's indexes lost between 1.6% to 2.2% as a surge in August producer prices and a drop in jobless claims spurred fears the Federal Reserve could start unwinding stimulus as soon as this year.\nThe August consumer price data, which is due on Tuesday, is also likely to be an important cue for the Federal Reserve's decision on tightening policy. A Reuters poll expects the reading to be steady from July.\n\"There's some inflation numbers coming out this week and the market will be looking through to next week's Fed meeting just to get an indication of color with the jobs report,\" said Thomas Hayes, managing member at Great Hill Capital in New York.\n\"Expectations are now that the September meeting will be inconsequential, in that they'll just punt to November on any concrete plans for taper.\"\nAlso on the radar is the Biden government's corporate tax hike plan, which could result in the corporate tax rate rising to 26.5% from 21%.\nGoldman Sachs analysts predicted that a hike in the U.S. domestic corporate tax rate to 25% and the passage of about half of a proposed increase to tax rates on foreign income would reduce S&P 500 earnings by 5% in 2022.\nInvestors will also be watching retail sales data later this week for more cues on how much a recent rise in COVID-19 cases has affected consumer spending.\nAt 09:51 am ET, the Dow Jones Industrial Average rose 271.31 points, or 0.78% , to 34,879.03, the S&P 500 gained 21.74 points, or 0.49 %, to 4,480.32 and the Nasdaq Composite gained 11.51 points, or 0.08 %, to 15,127.01.\nWhile buying into economically sensitive sectors such as energy, financials and industrials has put the S&P 500 on a seven-month winning streak this year, a recent spike in infection of the Delta COVID-19 variant has dampened hopes of an economic recovery.\nMarket participants expect stocks to undergo a major correction by the end of the year after a strong bull run.\nBiotechnology firm Regenxbio Inc surged nearly 30% after it entered a partnership with peer AbbVie to develop and sell a gene therapy candidate for the treatment of chronic retinal diseases.\nU.S.-listed Chinese stocks, including Alibaba Group Holding, fell after China outlined new regulations for major technology firms in the mainland.\nAdvancing issues outnumbered decliners by a 2.2-to-1 ratio on the NYSE, while declining issues outnumbered advancers by about a 1.2-to-1 ratio on the Nasdaq.\nThe S&P 500 posted 8 new 52-week highs and no new lows, while the Nasdaq recorded 35 new highs and 43 new lows.","news_type":1},"isVote":1,"tweetType":1,"viewCount":32,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":17,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/886975579"}
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