Former NYSE CEO Dick Grasso argues that the economy could expand by up to 5% in the first half of 2021.
US stock markets rebounded on Thursday morning, while traders awaited details of the COVID-19 aid package proposed by President-elect Joe Biden.
| Ticker | Safety | Last | change | Change % |
|---|---|---|---|---|
| I: DJI | DOW JONES AVERAGE | 31199.61 | +139.14 | + 0.45% |
| SP500 | S&P 500 | 3819.82 | +9.98 | + 0.26% |
| I: COMP | NASDAQ COMPOSITE INDEX | 13187.40066 | +58.45 | + 0.45% |
The Dow Jones Industrial Average gained 95 points, or 09.31%, in the first minutes of trading, while the S&P 500 and Nasdaq Composite rose 0.23% and 0.3%, respectively.
BIDEN STIMULUS STIMULATION JUICE STOCKS
Biden’s proposal, which is expected to cost up to $ 2 trillion, could extend more aid to families and businesses, in addition to easing the burden on state and local governments. The future Senate majority leader, Chuck Schumer, a New York Democrat, was looking for a $ 1.3 trillion COVID-19 aid package.
Elsewhere on Capitol Hill, President Trump on Wednesday was accused of “inciting insurrection.” The vote from 232 to 197 saw all Democrats in the House and 10 of their Republican colleagues support the measure. Senate majority leader Mitch McConnell of Kentucky said the upper house could not begin a trial until at least January 19 – the day before Biden’s inauguration.
| Ticker | Safety | Last | change | Change % |
|---|---|---|---|---|
| DAL | DELTA AIR LINES INC. | 42.38 | +1.94 | + 4.80% |
Looking at the shares, Delta Air Lines Inc. halved its daily cash consumption to $ 12 million during the three months to December, while posting a slightly higher quarterly loss than Wall Street analysts had expected. The Atlanta-based airline lost a record $ 12.39 billion last year.
| Ticker | Safety | Last | change | Change % |
|---|---|---|---|---|
| BLK | BLACKROCK INC. | 757.41 | -25.08 | -3.21% |
| JPM | JP MORGAN CHASE & CO. | 142.27 | +1.91 | + 1.36% |
| WFC | WELLS FARGO & COMPANY | 34.64 | +0.84 | + 2.48% |
| Ç | CITIGROUP INC. | 68.21 | +1.34 | + 2.01% |
BlackRock Inc. reported quarterly earnings and revenues that exceeded estimates, as managed assets reached a record high of $ 8.68 trillion. On Friday, a trio of major banks will report results, including JPMorgan, Wells Fargo and Citigroup.
| Ticker | Safety | Last | change | Change % |
|---|---|---|---|---|
| TSLA | TESLA INC. | 858.60 | +4.19 | + 0.49% |
Elsewhere, Tesla Inc. was asked by the National Highway Traffic Safety Administration to recall 158,000 vehicles due to faulty touch screens.
| Ticker | Safety | Last | change | Change % |
|---|---|---|---|---|
| GME | GAMESTOP CORP | 34.83 | +3.38 | + 10.73% |
Meanwhile, GameStop Corp. it rose for the second consecutive day amid an alleged compression of short sales, as short sales recently reached 138% of the outstanding shares. Video game retailer shares rose 58% on Wednesday.
| Ticker | Safety | Last | change | Change % |
|---|---|---|---|---|
| INTC | INTEL CORPORATION | 58.87 | +1.92 | + 3.36% |
Intel Corp. shares continued their momentum on Wednesday, when they gained 6.97% after news that CEO Bob Swan would step down next month. He will be replaced by Chief Executive Officer of VMWare Inc., Pat Gelsinger.
In news about the deal, Google and Fitbit closed their $ 2.1 billion deal after UK regulators approved the deal. US regulators reminded investors that they had not yet signed. In a company blog, Google noted, “This agreement has always been about devices, not data, and we made it clear from the start that we will protect the privacy of Fitbit users.”
| Ticker | Safety | Last | change | Change % |
|---|---|---|---|---|
| GOOGL | ALPHABET INC. | 1,753.42 | +6.17 | + 0.35% |
In commodities, West Texas Intermediate crude fell 46 cents to $ 52.45 a barrel and gold fell $ 9.70 to $ 1,845.20 an ounce.
Britain’s FTSE 100 followed gains in Europe, advancing 0.5%, Germany’s DAX 30 adding 0.24% and France’s CAC 30 rising 0.17%.
Asian markets ended up mixed with China’s Shanghai Composite index falling 0.91%, while Japan’s Nikkei 225 index and Hong Kong’s Hang Seng index rose 0.85% and 0.93%, respectively.