Home / Business / Mixed Stocks Amid Inflation Worries, S&P 500 Index Moves Near Record High

Mixed Stocks Amid Inflation Worries, S&P 500 Index Moves Near Record High



Stock futures opened near the flat line on Monday evening after a meandering session during the normal trading day.

Contracts on the S&P 500 were marked earlier, the index ended just below the horizontal line and less than half a percent below its all-time high. The Dow closes as the Nasdaq pushes into positive territory.

Investors this week received signals from officials on monetary and fiscal policy. And what might suggest for the company’s interest rates and earnings, Treasury Secretary Janet Yellen over the weekend said higher interest rates “will actually be good for society̵

7;s perspectives and perspectives. Fed’s look,” in an interview with Bloomberg.

However, traders are less confident. The trend of higher interest rates could affect stock valuations. And further corporate tax reforms could cut profits for big companies. Amazon shares (AMZN) tumbled Monday after reports that a group of seven finance ministers were looking to include the e-commerce giant in its tax proposal. new global edition And investors are still keeping an eye on the talks between President Joe. Biden and members of Congress for his multi-trillion dollar infrastructure proposal This should be supported in part by the corporate tax increase.

However, some strategists suggest that investor concerns about general concerns about inflation and tax reform may be overblown. This is because strong economic growth may help more than some rate or policy issues.

“We think investors are a little too pessimistic considering inflation concerns and the growing tax environment,” Jon Adams, global asset management strategist at BMO, told Yahoo Finance. a highly supportive policy environment. strong economy and very strong earnings momentum Indicative of stock earnings as we head into the second half of the year.”

“We want to position investors towards value with that tilt. lowercase skew We think different parts of the stock spectrum perform well during higher inflation,” he added. “We think stocks are a good hedge against rising inflation. And we are not concerned about the corporate tax environment as headlines for the past week or so.”

on this tuesday Investors will receive new economic data in the form of the Labor Department’s job openings and turnover survey in April. Vacancies are expected to hit a new record high during this month. That rose to 8.2 million from 8.123 million in March. as employers look to bring more workers back to keep up with demand during the rehabilitation period.

6:10 p.m. ET Monday: Stock Futures Move As S&P 500 Closes Record

This is where the markets trade on Monday evening:

  • S&P 500 futures (ES=F): 4,226.5, +1 point (+0.02%)

  • Dow Jones Futures (YM=F): 34,610.00 -6 points (-0.02%)

  • NASDAQ Futures (NQ = F): 13,820.5, +16.25 points (+0.12%)

FILE - In this March 23, 2021 file photo, a statue of Fearless Girl stands in front of the New York Stock Exchange in New York's financial district.  Stocks opened broadly higher on Wall Street, starting in June to make a strong start as traders returned from the Memorial Day holiday in the United States. (AP Photo/Mary Altaffer, File)

FILE – In this March 23, 2021 file photo, a statue of Fearless Girl stands in front of the New York Stock Exchange in New York’s financial district. Stocks opened broadly higher on Wall Street, starting in June to make a strong start as traders returned from the Memorial Day holiday in the United States. (AP Photo/Mary Altaffer, File)

Emily McCormick is a reporter for Yahoo Finance. Follow her on Twitter: @emily_mcck

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