In today’s episode of ‘Maria Bartiromo’s Wall Street’, Maria Bartiromo discusses the growth of emerging markets abroad; in addition, the main provisions for restaurants in the $ 900 billion stimulus account.
U.S. stock markets hit record highs on Monday morning, with traders returning to work after an extended holiday in which President Trump signed a COVID-19 relief bill.
| Ticker | Safety | Last | change | Change % |
|---|---|---|---|---|
| I: DJI | DOW JONES AVERAGE | 30379.36 | +179.49 | + 0.59% |
| SP500 | S&P 500 | 3728.4 | +25.34 | + 0.68% |
| I: COMP | NASDAQ COMPOSITE INDEX | 12889.242062 | +84.51 | + 0.66% |
The Dow Jones Industrial Average was up 170 points, or 0.56%, while the S&P 500 and Nasdaq Composite were up 0.7% and 0.87%, respectively.
Components of the $ 900 billion aid package include a direct payment of up to $ 600 for most Americans, an additional $ 300 a week in unemployment benefits and funding from the Wage Protection Program.
Trump, who had threatened to veto the bill due to parts of it containing “unnecessary and wasteful spending,” asked Congress to raise the direct payment at a later date to $ 2,000.
Looking at the stocks, US air carriers were among the best performers, as the defeated sector should receive relief from the package.
| Ticker | Safety | Last | change | Change % |
|---|---|---|---|---|
| XAL | n / a | n / a | n / a | n / a |
| DAL | DELTA AIR LINES INC. | 40.38 | +0.66 | + 1.65% |
| UAL | UNITED AIRLINES HLDG. | 44.15 | +0.89 | + 2.06% |
| LUV | SOUTHWEST AIRLINES CO. | 47.01 | +0.76 | + 1.64% |
The financial sector, including JP Morgan and Bank of America, was also larger.
| Ticker | Safety | Last | change | Change % |
|---|---|---|---|---|
| JPM | JP MORGAN CHASE & CO. | 125.09 | +0.56 | + 0.45% |
| BAC | BANK OF AMERICA CORP. | 30.07 | +0.11 | + 0.36% |
Elsewhere, MasterCard said year-end sales increased by 3% year-over-year, fueled by a 49% increase in online spending as customers shopped from home in the midst of the pandemic. Domestic furniture sales grew 16%, while clothing sales fell 19%.
| Ticker | Safety | Last | change | Change % |
|---|---|---|---|---|
| BAD | MASTERCARD INCORPORATED | 339.12 | +2.95 | + 0.88% |
| V | VISA INC. | 210.78 | +2.02 | + 0.97% |
Meanwhile, Alibaba announced a $ 10 billion buyback program after the shares plunged 13% on Friday in response to Chinese regulators by increasing pressure on Ant Financial, the world’s largest financial technology company, which started as a payment service on the company’s e-commerce platform.
| Ticker | Safety | Last | change | Change % |
|---|---|---|---|---|
| NANNY | ALIBABA GROUP HOLDING LTD | 222.22 | +0.25 | + 0.11% |
In commodities, West Texas Intermediate crude dropped 9 cents to $ 48.14 a barrel, while gold rose $ 11 to $ 1,894.20 an ounce.
In Europe, Germany’s DAX 40 hit a record high, up 1.7%, on its first full day of trading since a deal with Brexit was announced on Thursday. France’s CAC 30, in turn, rose 1.1% and Britain’s FTSE 225 was closed for the holiday.
Asian markets ended up mixed with Hong Kong’s Hang Seng falling 0.27%, while China’s Shanghai Composite index rose 0.02% and Japan’s Nikkei 225 rose 0.74%.