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07Apr2021 Midday Update: Stocks Sink On Yellen's $2.5 Trillion Tax Reclamation Plan, DOW Down 36 Points At 12:30 ET, Nasdaq Down -0.1%, WTI Crude Sinks 58.13, Bitcoin At 56500


Oil prices under pressure following large gasoline build (SPY -0.1%). Biggest midday movers: Carnival, Dell, AMC Entertainment.
Here is the current market situation from CNN Money
North and South American markets finished mixed as of the most recent closing prices. The Bovespa gained 1.21%, while the IPC led the S&P 500 lower. They fell 1.14% and 0.06% respectively.
What Is Moving the Markets
Here are the headlines moving the markets.
Optimism Returns To Canada s Oil Industry
Optimism is returning to the Canadian oil industry as demand rebounds and production follows, Bloomberg has reported, citing the chief of the Canadian Association of Petroleum Producers. There s no denying that we ve been beaten, battered and wounded and industry was faced with some of the biggest challenges last year we ve ever seen, Tim McMillan said at the Scotiabank CAPP Energy Symposium. Our industry still has its best days ahead of it. In fact, over the past year, our indus ....

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