5 things to know before the stock market opens on Tuesday

5 things to know before the stock market opens on Tuesday

US stock futures hit a high and turned positive after falling slightly above the main inflation figures expected on Tuesday. Before opening the bell on Wall Street, the government said August consumer prices rose 5.3% from a year earlier. Tuesday’s data comes after last week’s hot wholesale prices, as the Federal Reserve’s high inflation is temporary or is about to stay here. This decision is the key to when central bankers can reduce their Covid-Yug bond purchases. The Fed is holding a two-day meeting next week in September. The Dow Jones Industrial Average and the S&P 500 broke five-session losses on Monday. Nasdaq fell slightly for the fourth day in a row.

  1. Apple will host the launch event, iOS will release security patches

Apple Paul is hosting the annual iPhone event on Tuesday, the company’s seventh live virtual launch of the epidemic. According to analysts, the tech giant is expected to introduce new iPhones and updates to its AirPods and Apple Paul Watch. The new iPad and MacBook Pro laptops will also be updated, although it’s not clear if Apple will pack all its fall launches into one or spread it.

Apple has released a patch to iOS, its mobile operating system, to address the vulnerabilities associated with the iPhone’s iMessage function. According to research group Citizen Lab, an Israeli firm had been taking advantage of the weakness since February. NSO Group did not confirm or deny responsibility. The FBI and Israeli authorities are investigating the NSO.

  1. Kathy Wood Tesla expects big profits for digital currencies

Kathy Wood of Arch Invest, a popular investor who focuses on disruptive innovations, made bullish calls on Tesla and cryptocurrency Monday evening at the annual Salt Conference. Asked about her recent Tesla stake cut, Wood said it’s a technical move and the electric vehicle maker still owns more than 10% of Arc’s flagship fund. Bitcoin is now the second largest digital coin in the world with 40% and 60% in its crypto portfolio, saying wood is growing on ether.

  1. The President of the SEC will deal with questions regarding crypto rules

SEC President Gary Gensler wants the private fund to disclose more information to investors about potential interests and the fees they charge. According to evidence presented to the Senate Banking Committee for Tuesday’s hearing. During the Q&A, Gensler is expected to face questions about the agency’s plans to regulate cryptocurrency. In Monday’s Wall Street Journal op-ed, the top U.S. securities regulator urged Chinese companies to expose their books to the Securities and Exchange Commission’s scrutiny or to expose them to the risk of being removed from U.S. stock exchanges.

  1. House Democrats are proposing a tax increase to pay the 3.5 trillion bill

The House Democrats have outlined a tax increase they have used to offset up to $ 3.5 trillion to spend on social security net and climate policy. The proposal includes the highest corporate and personal tax rates of 26.5% and 39.6%, respectively. Tax plans could change as Democrats try to draft and pass a final bill next week. The proposal includes a 3% surcharge and a 25% capital gains tax on personal income over $ 5 million.

Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Top Markets News journalist was involved in the writing and production of this article.

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