226.19 -0.22 (-0.10%)
Pre-market: 6:16AM EDT
Alarm bells sounded in crypto markets following reports that the US Treasury is planning to censure financial institutions for money laundering using digital assets.
President Joe Biden took office with less than ideal economic conditions. This includes the Federal Reserve's dovish monetary policy, its monthly bond-buying program designed to weigh on long-term Treasury yields, and the Biden administration's pushing of multiple rounds of spending and/or stimulus. Ultimately, my own projection of the S&P 500 hitting 5,000 under Biden may prove conservative.
Visa (V) closed at $221.98 in the latest trading session, marking a +0.43% move from the prior day.