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5 things to know before the stock market opens Wednesday

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U.S. stock futures were flat Wednesday, one day after the Dow dropped nearly 0.8%. The Nasdaq, however, eked out a gain for another record close.

on Tuesday, Soros described BlackRock's initiative in China as a "tragic mistake" that would "damage the national security interests of the U.S. and other democracies." Soros' comments come after BlackRock launched a set of mutual funds and other investment products for Chinese consumers. BlackRock told CNBC on Wednesday its China mutual fund subsidiary set up its first fund there after raising over $1 billion from more than 111,000 investors.U.S.

U.S. Senate Finance Committee Chairman Ron Wyden, D-Ore., questions IRS Commissioner Charles P. Rettig at a June 8, 2021 Senate Finance Committee hearing.To help pay for that $3.5 trillion spending plan, congressional Democrats are floating a slew of taxes, including new levies on the wealthy.

 

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European stocks head for lower open as markets battle nerves over growthEuropean stocks are expected to open lower on Wednesday, reflecting mixed trade in global markets amid nervousness over U.S. economic growth and Covid cases. wow
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