5 things to know before the stock market opens Friday

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5 things to know before the stock market opens Friday

1. Stocks set for more gains after halting 3-day losing streak Friday pointed to a second day of gains on Wall Street, one day after a rebound rally halted a three-session losing streak. The on Thursday shot up nearly 1.8%, pulling the tech-heavy index into . Ahead of Friday trading, the and were still lower for the week, despite Thursday's more than 0.5% and 1% respective advances. , chip stocks and other speculative names, which took big hits in the previous session, bounced back Thursday as prices recovered. 2. Bitcoin hovers above $40,000 after a wild week on Friday as the bounce back rally in the world's biggest cryptocurrency by market value stabilized following Wednesday's collapse to more than three month lows near $30,000. was concern about U.S. calls for stricter cryptocurrency compliance with the Internal Revenue Service. The Treasury Department on Thursday announced steps to require any transfer worth $10,000 or more to be reported to the IRS. At this week's lows, bitcoin dropped more than 50% from April's all-time highs near $65,000. 3. U.S. proposes global minimum corporate tax rate floor of 15% The Biden administration is proposing a . However, the Treasury Department said Thursday the final

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