Wall Street took a breather on Tuesday, with the major U.S. stock indices trading near the flatline or showing slight declines during midday trading in New York as investors closely await a series of relevant earnings reports and crucial economic data slated for the remainder of the week.
Sen. Blackburn faces backlash for politicizing energy data and criticizing Biden's policies, while ignoring factors like wars and industry investments. Gas prices remain relatively low and US is a net oil exporter. Critics call out for turning the market into a political battleground.
In a significant move on Monday, Cathie Wood-led Ark Invest made a headline-grabbing trade by selling a substantial amount of ProShares Bitcoin Strategy ETF (NYSE:BITO) units and concurrently increasing its stake in the ARK 21Shares Bitcoin ETF (NYSE:
Equities soared in late 2023 on Fed rate cut expectations and faith in the economy. However, market specialist Scott Shellady predicts a reckoning in 2024 as the consumer weakens and layoffs increase.