- July 10, 2021
- Posted by: Stratford Team
- Category: Business
Stocks rebounded Friday from the previous session’s broad losses as worries about spreading COVID-19 variants and their impact on global growth eased.
Shares of Alphabet (GOOGL) – Get Report, Amazon.com (AMZN) – Get Report, Apple (AAPL) – Get Report and Facebook (FB) – Get Report traded higher Friday following reports that President Joe Biden would push for changes in the technology industry.
Specifically, Biden was set to sign an executive order Friday directing regulatory agencies to more closely investigate industry mergers and tech companies’ use of consumer data.
Biden Administration ‘Anti-Business,’ Cramer Says
“Very anti-business presidency. Far more than Obama…,” Jim Cramer said from the floor of the New York Stock Exchange Friday. “I’m mystified by President Biden. He’s using a shotgun when he should use a rifle.”
Shares of Alphabet (GOOGL) – Get Report, Amazon (AMZN) – Get Report, Apple (AAPL) – Get Report and…