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The Dow is looking to boost profits as investors await Apple events, fresh economic data and the start of the Fed meeting.

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The Dow is looking to boost profits as investors await Apple events, fresh economic data and the start of the Fed meeting.

US stocks posted solid gains early Tuesday morning, putting stocks on a rally path as the Federal Reserve is set to kick off its two-day policy meeting and investors await the debut of a product for Apple Inc. and a new round of economic reports.

How do capital standards work?

Dow Jones Industrial Average YM00 futures,
+ 0.63%

YMU20,
+ 0.61%
increased by 194 points to 28,065, an increase of 0.7%, the S&P 500 ES00 index,
+ 0.72%

ESU20,
+ 0.73%
rose 24.80 points, or 0.7%, to 3397, while Nasdaq-100 NQ00 futures,
+ 1.06%

NQU20,
+ 1.06%
rose 111.50 points, or 1%, to 11,378.25.

Monday Dow DJIA,
+ 1.18%
rose 327.69 points, or 1.2%, to 27,993.33 after briefly trading above the 28,000 threshold. S&P 500 SPX,
+ 1.27%
added 42.57 points, or 1.3%, to close at 3383.54. Composite COMPONENT Nasdaq,
+ 1.87%
climbed 203.11 points, or 1.7%, to finish at 11,056.65, ending a two-session losing streak.

Russell 2000 RUT Index,
+ 2.65%
low-cap stocks rose 39.70 points, or 2.7%, to 1,536.97 points, beating the performance of major stock indices.

What drives the market?

Stocks are likely to rise early Tuesday, boosted by positive economic data from China, where retail sales rose in August for the first time in 2020, rising 0.5% year-on-year last month, according to China’s National Bureau of Statistics.

On Monday, investors were delighted by the positive news about the COVID-19 vaccine from AstraZeneca AZN.
+ 0.54%
and BioNTech BNTX,
+ 3.60%
as well as news of the Nvidia NVDA merger,
+ 5.81%
and Oracle ORCL,
+ 4.31%
and on Tuesday will be monitoring the product launch of Apple Inc. AAPL,
+ 2.99%
as well as several IPOs.

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The Federal Reserve plans to begin its policy meeting later today, followed by a press conference and a new statement from its officials on Wednesday, followed by decisions by the central banks of the Bank of England and the Bank of Japan on Thursday.

“Global markets are focused on the two-day Fed meeting starting on Tuesday, markets are moderately positive as investors look forward to a favorable outcome,” wrote Mihir Kapadia, CEO of Sun Global Investments, on Tuesday. The meeting of the policy-making Federal Open Market Committee will also be the first since the central bank presented its new policy framework for targeting average inflation.

“While other factors on the continent have contributed to this positive momentum, the overwhelming factor driving the markets is the Fed,” Kapadia wrote. “Investors will be looking for signs of what the outlook for US growth and inflation looks like, as well as possible reactions from the Fed,” he said.

Investors are also watching Snowflake Inc., a cloud computing company due to go public today on the New York Stock Exchange and is backed by Warren Buffett. Berkshire hathaway
BRK.A,
+ 0.79%

BRK.B,
+ 0.92%
and Salesforce.com
CRM,
+ 1.45%

Snowflake on Monday raised the proposed price range for its initial public offering to $ 100-110, up from the previous $ 75 to $ 85. The company plans to place 28 million shares and raise up to $ 3.08 billion.

Separately Apple Inc. AAPL,
+ 2.99%
will unveil its first virtual product at 1:00 pm ET, where the Cupertino, California-based tech giant is expected to showcase its latest smartwatch and iPad, a debut that could be the next catalyst for the popular company’s stock.

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Looking ahead on Thursday, investors await a report on manufacturing activity in the New York area, the Empire State Manufacturing Index, and import and export price data due out at 8:30 am ET. Industrial production report for August is due out at 9:15 am.

To read: IPO Market Prepares For Busiest Week Since May 2019 – Uber IPO Week – With 12 Trades Available

What stocks were in the spotlight?
  • Promotions Oracle Corp.
    ORCL,
    + 4.31%
    was in the spotlight after Wall Street Magazine reported that the Trump administration is considering applications from companies to become a “strategic partner” of the American company TikTok, owned by China’s ByteDance.

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Economy

Everything has been delivered. 10 Bugatti Centodieci are already in the hands of the owners

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Everything has been delivered.  10 Bugatti Centodieci are already in the hands of the owners

OAll Bugatti Centodieci have been delivered, the Molsheim-based brand said on Monday. Cristiano Ronaldo received the number 07 in October this year. and Bugatti has now revealed that the latest unit – #10 – is already in the possession of its owner.

“The Centodieci combines all the values ​​of the Bugatti brand in an extraordinary package: rarity, innovation, heritage, craftsmanship and unrivaled performance. The production batch of 10 units was so in demand by our customers that it was sold before the Centodieci. was even officially presented,” said Christophe Piochon, president of Bugatti.

This latest example is finished in Quartz White with carbon fiber trim on the bottom and matte grilles. The brake calipers are painted in Light Blue Sport, as is the logo on the rear that refers to the EB110, the iconic Bugatti model that inspired this Centodieci. Inside, the predominant color is also blue, as you can see in the images above.

This block is powered by the same block as the other nine instances. The 8.0-liter W16 with four turbines is capable of developing 1600 hp. In terms of performance, this allows the Centodieci to hit 100 km/h in just 2.4 seconds and reach a top speed of 380 km/h.

Recall that each unit costs the owners eight million euros before taxes.

Read also: We already know when the Bugatti Centodieci fell into the hands of Ronaldo.

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Economy

The first Dacia hybrid. “The cheapest hybrid family on the market”

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The first Dacia hybrid.  "The cheapest hybrid family on the market"

BUT Dacia revealed this Monday that the hybrid engine has been available since March on the Jogger, the Romanian brand’s model known to be available with a seven-seat variant.

The Jogger Hybrid 140, Dacia’s first hybrid, will hit dealerships in March, but customers can expect and order it as early as January.

The price has been revealed by Dacia and since it’s only available in the seven-seater SL Extreme, it starts at €28,800. The brand claims it is “the most affordable hybrid family car on the market.”

Available in six existing colors to celebrate the launch of this hybrid, there will be a slate gray version, as you can see in the images above.

Equipped with a 1.6 liter four-cylinder petrol engine with 90 hp, the Jogger is also powered by two electric motors (a 50 hp engine and a high-voltage starter-generator). The total power is 140 horsepower. The electric transmission is automatic, four-speed, connected to an internal combustion engine, and two speeds are connected to an electric motor. This combined technology was possible, according to Dacia, only due to the lack of clutch.

Combined with the energy recovery levels of the 1.2kWh (230V) battery pack and the efficiency of the automatic transmission, regenerative braking delivers all-electric traction on 80% of urban journeys and saves up to 40% of fuel compared to a combustion engine vehicle.

Read also: Dual-fuel Dacia Jogger Eco-G. We tried 5 seater and LPG…

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Economy

See how Tesla tests its electric Semi truck in the worst-case scenarios

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Tesla Semi camião elétrico testes

Tesla has finally been able to bring its long-awaited Semi to market. This electric truck promises to revolutionize transportation and bring all the unique characteristics of this type of electric vehicle to this class of vehicles.

Now that the first units have been delivered, there is hope that they will finally be mass-produced and reach more transport companies. With so many promises to be kept, a new video is now emerging showing Tesla testing its Semi truck under worst-case scenarios.


Tesla Semi is already on the market

Like all Tesla electric vehicles, Semi follows the same line of creating a unique design associated with a platform with the most modern technology available. The proof is in what was presented to the public and surprised most people.

To prove the quality of this new proposal, Tesla published in your LinkedIn account new video. In it, he reveals some of the testing he's done to determine the strength and quality of the Semi's design and its (potential) durability.

Tests to prove its durability

It has been revealed that the Tesla electric truck is subjected to numerous tests and its application in the worst scenarios that drivers may face. It doesn't stop at the ruggedness of the Semi's designs, but goes further and focuses on the motors and batteries themselves.

This is the proof that many have been waiting for to ensure that this new proposal is not limited to a lot of autonomy. Its resistance is great and will provide greater durability, further enhancing the Semi's value and performance.

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high quality electric truck

Tesla has already showcased the Semi's quality with a video showing its truck driving roughly 500 miles on just one charge. The big news here is that he managed to make this long journey with a maximum load of about 37 tons.

Now Tesla remains to widely place the Semi on the market. At the moment, only a few companies have access to this new product, with a very long list of pending deliveries, who want to start mass-using this electric truck offering.

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