Tech Giants Under Scrutiny & COVID Relief Plans – Daily Financial Summary For Monday, July 27, 2020

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Monday markets saw optimistic gains with the Dow Jones up 0.43%, while the Nasdaq climbed 1.67%, and the S&P 500 closed higher by 0.74%. Gold continued to charge to record highs of $1,936.80 today. The US Dollar Index was down 0.83%.

The Senate GOP released their big ideas for the next phase of Coronavirus relief for the United States, including another round of $1,200 stimulus checks and $500 payments for dependents of any age, and wage replacement of 70% in extended unemployment benefits, replacing the $600 weekly enhancement.

The four most powerful Chief Executive Officers in the world will be the center of attention on Wednesday in what promises to be a scintillate probe. Spearheading hearings over antitrust issues is the House Judiciary Subcommittee on Antitrust., Inc. (NASDAQ:AMZN), Facebook, Inc. (NASDAQ:FB), Apple Inc. (NASDAQ:AAPL), and Alphabet Inc. (NASDAQ:GOOGL) are the companies poised to come under scrutiny.


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