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Biden Wants To Go Tough On Wall Street The Response? The Best Rally Since FDR - NPR News

5 hours ago by David Gura (NPR) Play Audio People walk near the Wall Street Charging Bull statue on July 23, 2020, in New York City. Stocks have rallied during President Biden s first 100 days even as he has promised to raise taxes on corporations and wealthy investors and to go tougher on Wall Street. Image credit: Michael M. Santiago Stay tuned in to our local news coverage: Listen to 90.7 WMFE on your FM or HD radio, the WMFE mobile app or your smart speaker say “Alexa, play NPR” and you’ll be connected. President Biden wants to raise taxes on corporations and wealthy investors. His top market regulator has promised a tougher approach. And leading Democrats who control Congress are proud adversaries of moguls and money managers.

United statesFranklin delano rooseveltSherrod brownJonathan golubElizabeth warrenRyan detrickMaxine watersGary genslerGreg valliereBernie sandersExchange commissionCommodity futures trading commissionHead of quantitative research at credit suisseFederal reserveChief market strategistExchange commission chairman gary gensler

Biden Wants To Go Tough On Wall Street The Response? The Best Rally Since FDR

David Gura President Biden wants to raise taxes on corporations and wealthy investors. His top market regulator has promised a tougher approach. And leading Democrats who control Congress are proud adversaries of moguls and money managers. So, how has the stock market responded? With a rally that has sent the S&P 500 to an 11% surge in Biden s first 100 days, the best performance by the various versions of the index since Franklin Delano Roosevelt started his first term in 1933,according to an NPR analysis of S&P data. The stock market is on fire, says Greg Valliere, Chief U.S. Policy Strategist at AGF Investments.

United statesFranklin delano rooseveltSherrod brownJonathan golubElizabeth warrenRyan detrickMaxine watersGary genslerGreg valliereBernie sandersExchange commissionCommodity futures trading commissionHead of quantitative research at credit suisseFederal reservePresident bidenChief market strategist

Audio: Biden Wants To Go Tough On Wall Street The Response? The Best Rally Since FDR

So, how has the stock market responded? With a rally that has sent the S&P 500 to an 11% surge in Biden s first 100 days, the best performance by the various versions of the index since Franklin Delano Roosevelt started his first term in 1933,according to an NPR analysis of S&P data. The stock market is on fire, says Greg Valliere, Chief U.S. Policy Strategist at AGF Investments. It has astonished veteran observers, and it may have a ways to go. So what explains the rally? For many experts, it boils down to the U.S. economy. President Biden s administration has overseen a rapid rollout of vaccines and passed a $1.9 trillion stimulus plan that poured more money into households and businesses even after Congress had already passed trillions of dollars in stimulus.

United statesFranklin delano rooseveltSherrod brownJonathan golubElizabeth warrenRyan detrickMaxine watersGary genslerGreg valliereBernie sandersExchange commissionCommodity futures trading commissionHead of quantitative research at credit suisseFederal reservePresident bidenChief market strategist

Biden Wants To Go Tough On Wall Street The Response? The Best Rally Since FDR

Biden Wants To Go Tough On Wall Street The Response? The Best Rally Since FDR
publicradiotulsa.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from publicradiotulsa.org Daily Mail and Mail on Sunday newspapers.

United statesFranklin delano rooseveltSherrod brownJonathan golubElizabeth warrenRyan detrickMaxine watersGary genslerGreg valliereBernie sandersExchange commissionCommodity futures trading commissionHead of quantitative research at credit suisseFederal reservePresident bidenChief market strategist

Biden Wants To Go Tough On Wall Street The Response? The Best Rally Since FDR

Biden Wants To Go Tough On Wall Street The Response? The Best Rally Since FDR
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