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S&P 500 flirts with record high, 'meme' rally rolls on By Ambar Warrick and Shashank Nayar Reuters (Reuters) -Wall Street indexes kept to tight ranges on Wednesday ahead of key inflation data this week, while small-time retail investors bought into several more stocks as a social media-fueled rally continued. While the S&P 500 was trading just below record highs, a lack of new catalysts saw it struggling to break above its last high of 4,238.04 points. A recent rally on Wall Street - driven by strong earnings in May and growing expectations of a 2021 economic recovery - appeared to have pause...

Investors see Biden's 15% minimum tax offer as positive By Herbert Lash Reuters NEW YORK (Reuters) - Investors hailed U.S. President Joe Biden's offer on Thursday to scrap his proposed 28% corporate tax hike as a move in the right direction and embraced the idea of a compromise that could allow an infrastructure and tax package to move through Congress. Biden offered to set a minimum tax rate that companies should pay at 15%, two sources familiar with the matter said, in what would be a major concession by the Democratic president as he works to hammer out a deal with Republicans.

Investors hailed U.S. President Joe Biden's offer on Thursday to scrap his proposed 28% corporate tax hike as a move in the right direction and embraced the idea of a compromise that could allow an infrastructure and tax package to move through Congress.

3 Min Read (Reuters) -Wall Street’s main indexes firmed ahead of closely watched economic data this week as investors grappled with concerns over inflation and the latest leg of a surge in so-called “meme stocks”. FILE PHOTO: Morning sunlight falls on the facade of the New York Stock Exchange (NYSE) building after the start of Thursday's trading session in Manhattan in New York City, New York, U.S., January 28, 2021. REUTERS/Mike Segar/File Photo The technology sector rose 0.9%, providing the biggest boost to the benchmark S&P 500, while communication services and materials eased. A wee...

NEW YORK, June 2 — The latest leg of a surge in so-called “meme stocks” stood out on Wall Street today, with the main stock indexes rising slightly ahead of closely watched economic data this week. The technology sector rose 0.8 per cent, providing the biggest boost to the benchmark S&P...