Sen. Rand Paul, R-Ky., warns that increasing the capital gains tax will lead to a ‘significant market reaction.’
U.S. stock futures were mixed Monday as Wall Street kicks off a big week for tech earnings.
Dow Jones Industrial Average futures traded up 12 points, or 0.04%, while S&P 500 futures and Nasdaq 100 futures were weaker by 0.12% and 0.32%, respectively.
Mega cap tech stocks Apple Inc., Amazon Inc., Facebook Inc. Alphabet Inc. and Microsoft Corp. will all release their quarterly results this week.
Additionally, Tesla Inc. shares will be in focus Monday as the electric-car maker is expected to report a record quarterly profit after the closing bell.
A pause on Johnson & Johnson’s COVID-19 vaccine was lifted late Friday after U.S. regulators concluded the benefits outweigh the risks. The vaccine was paused earlier this month after six women out of more than 7 million who received the inoculation developed blot clots.
Elsewhere, Moderna Inc.’s COVID-19 vaccine will be reviewed by World Health Organization experts on April 30 for possible emergency-use listing, Reuters reported, citing a WHO official.
Good news on COVID-19 helped lift travel-related names including American Airlines Group Inc., Carnival Corp. and Hilton Hotels Corp.
In commodities, West Texas Intermediate crude oil lost 85 cents to $61.29 per barrel and gold edged up $1.50 to $1,779.30 an ounce.
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Overseas markets ended mostly lower.
Germany’s DAX 30 slipped 0.23% to lead the losses in Europe while Britain’s FTSE 100 and France’s CAC 40 were fractionally lower.
In Asia, China’s Shanghai Composite fell 0.95%, Hong Kong’s Hang Seng index slid 0.43% and Japan’s Nikkei 225 advanced 0.36%.
