Investors feeling bullish as corporate earnings roll in
Wall Street is building on Monday’s rally. The Dow Jones Industrials (^DJI) were up more than 1%, while the Nasdaq (^IXIC) cracked the 6,000 level for the first time ever following an earnings beat by Dow components McDonald’s (MCD) and Caterpillar (CAT) and as investors wait for President Donald Trump to unveil details of a major tax plan.
Here are some of the other stories the Yahoo Finance team will be covering for you today.
Cracking the Chinese market
Chinese e-commerce giant Alibaba (BABA) is reaching out to help American small businesses sell stuff in China. Alibaba boss Jack Ma announced a conference in Detroit in June to teach US companies how to sell to the company’s 443 million customers in China. Does this make good the promise Ma made to Trump in January?
Apple’s “Carpool Karaoke” roadblock
Apple’s (AAPL) plan to stream “Carpool Karaoke” has hit a roadblock: the popular segment featuring the CBS “Late Late Show” host James Corden driving around singing with celebrities. Apple was supposed to start streaming the show (which won’t feature Corden) this month, but now Apple says it’ll happen later this year.
Magic’s infrastructure game plan
Basketball legend Magic Johnson says he has millions of dollars in an infrastructure fund and he’s ready to put it to work. The three-time NBA MVP has partnered with Loop Capital to launch the JLC Infrastructure Fund to, in their words, “rebuild America.” Will Magic score again?
