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On July 2, the top 20 stocks traded in the United States, Microsoft and Nvidia both hit record highs.
In the early morning of the 3rd Beijing time, U. S. stocks closed higher on Friday, and the Nasdaq and S & P 500 hit record highs. Us non-farm payrolls rose by a higher-than-expected 850000 in June, indicating robust economic growth, but will not prompt the Fed to change its policy path. The Dow rose 152.82 points, or 0.44%, to 34786.35; the Nasdaq rose 116.95 points, or 0.81%, to 14639.33; and the S & P 500 rose 32.40 points, or 0.75%, to 4352.34. By Friday's close, the S & P 500 had closed at an all-time high for the seventh day in a row.
Moody's Chief Economist warns investors: prepare for a 20% pullback in US stocks
Mark Zandi (Mark Zandi), chief economist at Moody's, warned investors in US stocks: prepare for a major market correction. Zandi expects a tougher fed to lead to a 10% to 20% correction in u.s. stocks. And unlike the sharp falls of the past few years, he does not expect the stock market to recover quickly, especially because of current market valuations. He estimates that it may take a year to break even. "the headwind in the stock market is forming," Zandi said in an interview on Friday. The Fed must change its strategy because the economy is so strong. " He hinted that the adjustment might have begun
Hedge fund mogul Ackerman buys 10% stake in Universal Music for $4 billion
Pershing Square Tontine Holdings Ltd., owned by US hedge fund mogul Bill Ackerman, announced on Sunday that it had agreed to buy 10 per cent of (Universal Music Group), owned by French media giant Vivanda (Vivendi), for about $4 billion. (SPAC), Ackerman's special-purpose acquisition firm, said the deal valued Universal Music at 35 billion euros ($42 billion), including its debt. Pershing S
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