Author Kristin Tate says the easy way to stop inflation is to stop printing money and curb government spending on ‘Fox Business Tonight’
U.S. stock futures were little changed Monday morning as the S&P 500 battled to hold record highs.
Dow Jones Industrial Average futures fell 32 points, or 0.09%, while S&P 500 futures and Nasdaq 100 futures edged up 0.02% and 0.24%, respectively.
The mixed session comes after President Biden said Sunday he would sign the $953 billion infrastructure deal reached by a bipartisan group of senators if it were to reach his desk without the separate Democrat-backed reconciliation bill that would provide funding for human infrastructure.
In stocks, Boeing Co.’s 777X aircraft is unlikely to receive Federal Aviation Administration certification before mid-2023 at the earliest, the agency said Sunday.
Tesla Inc. will “recall” 300,000 China-made and imported Model 3 and Model Y vehicles to update its assisted driving software. Car owners will not be required to bring their vehicles into the dealership as the upgrades can be done online.
Elsewhere, crypto-related names, including Coinbase Global Inc. and MicroStrategy Inc., were bouncing back as bitcoin rallied above $34,000 a coin.
Virgin Galactic Holdings Inc. continued higher after gaining 39% on Friday after the company received regulatory approval to fly passengers into space.
In commodities, West Texas Intermediate crude oil slipped 8 cents to $73.97 a barrel and gold ticked up 40 cents to $1,778.20 an ounce.
Overseas markets were broadly weaker in quiet trading.
In Europe, Britain’s FTSE 100 and France’s CAC 40 both lost 0.5% while Germany’s DAX 30 declined 0.18%.
Asian markets were slightly lower across the board, with Hong Kong’s Hang Seng index losing 0.07%, Japan’s Nikkei 225 sliding 0.06% and China’s Shanghai Composite slipping 0.03%.
