Your daily source for trading strategies, tech news, and politically incorrect humor.
Hey there, Bullets Fans –
Your Morning Bullets Brief Updates are here! And that means trivia is, too.
On this day, over 200 years ago, the New York Stock Exchange was created. Can you guess the year?
Think you know the answer? You can check it in the closing area down below!
Image Source: Morning Bullets
Investors are more concerned about inflation than they are relieved about additional stimulus being funneled into the economy, which is already recovering. The 10-year Treasury yield is continuing to rise as stock futures largely indicate opening losses this morning.
The Senate passed the behemoth stimulus package over the weekend, and, after the House stamps its final approval on the bill tomorrow, the legislation will make its way to President Joe Biden’s desk. If you qualify for the $1,400 checks that are included in this latest package, you could see them deposited into your account within weeks.
Investors are also paying special attention to shares of Disney, Comcast, and General Electric.
Last week California officials announced that theme parks in the state could open, at least partially, on April 1. Disney saw its shares increase over 1% during pre-market trading, but Comcast, which owns Universal Studios Hollywood, fell.
Shares of General Electric were also up in pre-market trading over news of a massive deal with Ireland’s AerCap Holdings.
Other News That Matters To You:
This might just be the most unusual stock we’ve ever seen
Image Source: Reuters
Although the U.S. just administered a record number of vaccinations this past weekend, officials are warning Americans about the dangers of relaxing social distancing measures right now.
According to the Centers for Disease Control and Prevention, 2.9 million doses of the vaccine were given on Saturday, followed by 2.4 million on Sunday, for a total of 5.3 million shots. The country is averaging over 2 million doses a day, according to a White House official.
These numbers piggyback the news last week that there would likely be enough supply to cover every American adult by May’s end.
“We’re on a path — we need to make sure that we do not let down our guard,” said the White House virus response coordinator, Jeff Zients. “People do need to meet the president’s challenge of masking up. People do need to take the vaccine when it’s their turn. We need to stay on this path and beat this pandemic.”
More Headline You Need To Read: