In this recap we find that despite news that there will be a U.S. Department of Justice investigation into American high technology firms on grounds of antitrust grounds, the U.S. stock indices NASDAQ & the S&P 500 reached new all-times highs at the market close on Wednesday at 8321.50 & 3019.56 respectively.
June 23rd, Boris Johnson, the U.K.’s former foreign secretary & a strong proponent of Brexit, will replace Theresa May as Prime Minister after winning the Conservative Party’s leadership contest.
The U.S. economy has been growing for 121 months, the longest expansion since records began in 1854. Although the U.S. stock market is up near 20% this year & job creation remains strong, investors continue to worry about the inverted yield curve for bonds between long term & short-term interest rates.
Amazon’s record profits streak ends; Alphabet, parent company of Google, reported $38.9B in revenue for Q2, above analysts projection; Facebook to pay $5 billion for mishandling user privacy; Temperatures across Europe are reaching extreme levels and affects the electricity prices; Marvel’s Avengers: Endgame become the highest-grossing film ever.