The S&P 500 ends slightly lower with investors waiting for news on the global minimum corporate tax rate and inflation fears
"You've seen a decades-long, technology-enabled democratization of the market and there's certainly groups of individual investors that flock to these ideas," Sroka said. "We're seeing speculative trading in an age of multiple outlets and social media amplifies the news."
The Group of Seven advanced economies agreed on Saturday to back a minimum global corporate tax rate of at least 15%, a move Treasury Secretary Janet Yellen called a "significant, unprecedented commitment" to bring what she called a race to the bottom on global taxation.The New York Stock Exchange is pictured in the Manhattan borough of New York City, New York, U.S., April 16, 2021.
Lawmakers in Washington are doubling down on efforts to craft a bipartisan infrastructure spending package, with House Democrats expected to bring a bill to vote as early as Wednesday.
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