The U.S. stock market capped a day of listless trading with modest losses Monday as investors focused on upcoming trade talks between the U.S. and China
It's looking like e-commerce giant Amazon is building a logistics empire to compete with UPS and FedEx. Business Insider reports that beginning June 27, Amazon will start daily operations out of Stevens Anchorage International Airport , one of the 20-plus US airports from which Amazon Air flies. It does not appear that the move points to Amazon's desire to cater to Alaska's 737,000 residents, but rather it shows that Amazon is positioning itself to start flying to Asia.
According to Reuters, the S&P 500 fell slightly into decline by the closing bell. On June 24th, the S&P dropped 5-points, falling to 2,945, after holding flat throughout most of the day. The Nasdaq Composite also fell into decline, shedding 26-points. The Dow Jones Industrial Average managed to rise about 10-points, bringing the top market on Wall Street to 26,727.
According to Reuters, the top markets on Wall Street opened the new week with mixed results. On June 24th, the top three markets on the New York Stock Exchange were trading flat heading into the afternoon. The Dow Jones Industrial Average only rose 16-points, nudging the market to 26,735. The Nasdaq Composite dropped about 12-points, while the S&P 500 lost about 2-points. For the S&P, five of its top eleven sectors were in decline, with the energy sector leading losses after oil prices declined.
According to Business Insider, Waymo is expanding into a global operation. The self-driving vehicle unit from Google's parent company Alphabet recently partnered with Renault and Nissan. Their partnership will focus on bringing driverless mobility services to France and Japan. Waymo has signed partnerships with other automakers, including Fiat Chrysler Automotive and Jaguar Land Rover, but those partnerships involved vehicles and not services. Waymo CEO John Krafcik said the partnerships with Renault and Nissan will put their autonomous technology on the global stage.
From looking for the biggest returns, to looking for innovators with a sustainable vision, funding for entrepreneurs is changing in nature and so are the actors involved.
According to Reuters, the S&P 500 is up over 7-percent in June, putting the benchmark index back in record-setting territory. On June 24th, the S&P opened the new week trading about flat. Up less than 1-point by the afternoon, the S&P is holding at 2,951, which is only a few points away from setting a new record. On the day, the energy sector less losses for the S&P after oil prices dropped. The healthcare sector also declined, after Celgene and Bristol-Myers Squibb lost between 5-and-7 percent.