morning all
XA401 USAF G5 (KAF AC of interdast) departed Diego Garcia after a one day stay
AC departed Sophia, Bulgaria after an overnight on 0103-depart to Garcia on 0104
SAM326 USAF G5 se from Ramstein AFB after an overnight-inbound from JBA yesterday
Nasdaq set to slump on prospects of Democrat-controlled Senate
One of these is not like the others
Futures tied to the tech-heavy Nasdaq 100 index tumbled nearly 1.5% on Wednesday as the likelihood of Democrats gaining control of the Senate sparked fears of increased regulatory scrutiny of technology mega-caps. Democratic challenger Raphael Warnock won a hotly contested Senate race in Georgia over Republican incumbent Kelly Loeffler, while Democrat Jon Ossoff held a narrow lead over incumbent Republican David Perdue in the other race.
A final outcome is not expected until later on Wednesday at the earliest.
A “blue wave” would give more scope for President-elect Joe Biden to act on his agenda including new stimulus, but it could also mean higher corporate taxes and more regulations for technology behemoths, which led Wall Street’s recovery from a coronavirus-driven crash last year.
“If the Democrats take control of the Senate, corporate taxes are going to go up and that’s a negative for Corporate America and for equities,” said Peter Cardillo, chief market economist at Spartan Capital Securities in New York.
Apple Inc, Microsoft Corp, Amazon Inc, Google-parent Alphabet Inc and Facebook Inc dropped between 1.6% and 2.4% in early pre-market trading. Tesla Inc was the only major technology stock trading higher-cause it got yet another upgrade from Morgan Stanley.
At 08:35 a.m. ET, Nasdaq 100 E-minis were down 177.75 points, or 1.39%, and S&P 500 E-minis were down 9.75 points, or 0.26%.
However, Dow e-minis climbed 0.14% as bets on another round of stimulus and infrastructure spending propped up shares of industrial bellwethers Caterpillar Inc and 3M Co. Futures tracking the small-cap Russell 2000 index jumped to a record high.
Shares of JPMorgan Chase & Co, Citigroup Inc and Bank of America Corp rose between 2.5% and 3%, tracking a sharp rise in the benchmark 10-year U.S. Treasury yield-cap #
https://www.reuters.com/article/usa-stocks/us-stocks-nasdaq-set-to-slump-on-prospects-of-democrat-controlled-senate-idUSL4N2JH2ND
https://www.bloomberg.com/markets/stocks/futures
https://www.marketwatch.com/investing/bond/tmubmusd10y
https://www.marketwatch.com/investing/index/dxy
>They just happened to find 50,000 ballots late last night
back at ya
eberybody ready for some showtime!
>muh wrists, fingers, eyes need an extended break next kek!
Always a pleasure with fellow patriots