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Yields down, stocks up

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Miguel A. Rodriguez
Miguel A. Rodriguez
25 May 2021
China's crypto crackdown affecting nearly 70 percent of global crypto supply.
  • U.S. stocks climbed, with both the S&P 500 and #Nasdaq rallying more than 1% as a pullback in U.S. Treasury yields helped lift expensive stocks in sectors such as technology.
  • A crackdown on #cryptocurrency mining in China contributed to the crypto market losing value again over the weekend, as China is responsible for an estimated 70 percent of the global crypto supply.
  • The takeover negotiations could signal #Amazon wants to expand its Prime streaming library with MGM's array of content, which includes the James Bond franchise.

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Miguel A. Rodriguez
Miguel A. Rodriguez
Financial Writer

Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books.