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Stock futures won on Thursday, the day after the Dow Jones Industrial Average broke a new record, with the US government formally certifying that President-elect Joe Biden will become the country’s 46th chief commander.
The Dow Jones Industrial Average futures rose 112 points, a gain of 0.4%, while the high-tech Nasdaq rose 0.8% after Wednesday’s liquidation. The broader S&P 500 also rose, up 0.5%.
| Ticker | Safety | Last | change | Change % |
|---|---|---|---|---|
| I: DJI | DOW JONES AVERAGE | 30829.4 | +437.80 | + 1.44% |
| I: COMP | NASDAQ COMPOSITE INDEX | 12740.793892 | -78.17 | -0.61% |
| SP500 | S&P 500 | 3748.14 | +21.28 | + 0.57% |
Claims for unemployment benefits fell unexpectedly, with the first filers reaching 787,000, compared with estimates of 800,000. Continued claims reached 5.07 million, below estimates of 5.2 million. On Wednesday, ADP said the United States lost 123,000 jobs in December, compared to expectations for a gain of 88,000, as the pandemic continues to devastate the economy.
European indices also rose, with Euro STOXX up 0.3%, while German DAX and French CAC 40 rose 0.4% and 0.6%, respectively.
DOW REACHES NEW RECORD AS RALLY BANKS, COMPENSATING THE NASDAQ REFUSAL
PLAYING SOCIAL MEDIA
Social media stocks Twitter and Facebook could receive overwhelming attention on Thursday after both platforms, along with Facebook-owned Instagram, suspended President Trump’s account on Wednesday.
| Ticker | Safety | Last | change | Change % |
|---|---|---|---|---|
| TWTR | TWITTER INC. | 53.26 | -0.62 | -1.15% |
| FB | FACEBOOK INC. | 263.31 | -7.66 | -2.83% |
The Twitter move came after the social media giant removed a video the president tweeted, in which he told protesters who broke into the Capitol to “go home” while claiming that the 2020 election had been “stolen”.
FEATURED ECONOMIC REPORTS
A series of economic reports will be released on Thursday, including further trade analysis and the weekly natural gas inventory report.
The November trade balance was- $ 68.1 billion, below the estimate of $ 65.2 billion according to analysts consulted by Refinitiv.
Other important economic reports to be released on Thursday include the ISM Non-Manufacturing Index and the weekly natural gas inventory report.
BITCOIN CAN ACCESS SIX NUMBERS, SAYS JPMORGAN – BUT THERE IS A FOOTPRINT
In other asset classes, bitcoin surpassed the $ 37,000 level in morning trades.
Oil and gold also rose, with West Texas Intermediate crude rising again above the $ 50 a barrel level, while gold reached $ 1,917.10 an ounce.
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Fox News’ Brooke Singman contributed to this story.