Stock Market Winners & Losers: Stocks Rise as Oil Prices Fall | The Most Expensive Election Ever | Newsom Proposes Doubling Film & TV Tax Incentives
Stocks surged as investors anticipated strong tech earnings, boosting the Nasdaq. Israel’s weekend airstrikes spared oil and nuclear sites, causing a 6% drop in crude prices. This week, major companies like Alphabet, Microsoft, Meta, Amazon, and Apple report earnings, alongside the final stretch before the costly Nov. 5 U.S. election, expected to hit $15.9 billion in spending.
McDonald’s will bring back Quarter Pounders to 900 locations after resolving an E. coli outbreak. California Governor Gavin Newsom proposed expanding film and TV tax credits to $750 million to compete with other states and support the industry’s $70 billion economy.
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