Stocks Flat But Yields Are Spiking Again Ahead Of Fed Chair Powell's Speech

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Stocks are floating near record highs this morning as investors eye the conclusion of the Federal Reserve's two-day Federal Open Market Committee meeting

Stocks are floating near record highs Wednesday as investors eye the conclusion of the Federal Reserve's two-day Federal Open Market Committee meeting, which is expected to provide some clarity on whether the central bank will continue to help prop up the economy as the pandemic subsides.... [+]

Heading up losses in the S&P, shares of Princeton, New Jersey-based NRG Energy are plunging 11% after the firmWednesday morning that the Texas cold freeze in February triggered losses of approximately $750 million.

 

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Nasdaq rises as tech stocks rebound amid declining bond yields, Tesla pops 4%The NFT industry is now worth some $600M and the few startups that trade them are now cashing in for a lot of money. robtfrank reports on the entrepreneurs getting rich off the latest investor craze. robtfrank Signs of a bubble? As if you needed anymore... robtfrank They’re cashing in before the deep levels of fraud and theft are discovered in their marketplaces. robtfrank It looks like TheRoaringKitty has been closing his call options leaving other retail investors holding the bag when $GME collapses. Thoughts jimcramer
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