Stock market largely flat as earnings season rolls on

📈 SPX | 4,575 (+8, +0.2%)
📈 DJIA | 35,757 (+16, +0.0%)
📈 CCMP | 15,236 (+9, +0.1%)

🏦 Citigroup analysts have cautioned investors against sectors and assets with exposure to ‘vulnerable’ emerging markets such as China, citing the increasingly sharp slowdown in global growth as a point of worry for corporate earnings having already peaked ahead of the coming quarters.

👎 Even as Tesla surges above $1000 – growth stocks that used to follow along in its wake such as within biotech and work-from-home stocks have largely underperformed this year, with the iconic ARKK ETF still down -2.8% for the year.

👨‍⚖️ US senators unveiled proposed legislation that would require US companies to pay a 15% minimum corporate tax on their profits, focusing on tax avoidance. This represents a significant reduction from their previous plan to raise the minimum corporate income tax to 21%.