The main headlines of Fox Business Flash are here. Check out what is clicking on FoxBusiness.com.
U.S. stock futures are pointing to gains after President Trump signed a $ 900 billion economic aid package, helping to reduce uncertainty as governments impose travel and business restrictions in response to a new variant of coronavirus and traders return from the long Christmas holiday to the final few trading days before the new year.
| Ticker | Safety | Last | change | Change % |
|---|---|---|---|---|
| I: DJI | DOW JONES AVERAGE | 30199.87 | +70.04 | + 0.23% |
| SP500 | S&P 500 | 3703.06 | +13.05 | + 0.35% |
| I: COMP | NASDAQ COMPOSITE INDEX | 12804.734046 | +33.62 | + 0.26% |
On Wall Street, the S&P 500 benchmark gained 0.4% to 3,703.06 on Thursday on its last trading day before Christmas. The Dow Jones Industrial Average rose 0.2% to 30,199.87. The Nasdaq compound rose 0.3% to 12,804.73.
Investors were encouraged by the development of vaccines against coronavirus, but that optimism was undermined by the discovery of the new, more contagious variant.
STOCKS MEET 3 THREATS IN THE NEXT YEAR: GOLDMAN SACHS
Trump signed the measure, which also includes money for other government functions until September, despite expressing frustration that the $ 600 public payments were not higher. His signing after last-minute objections helped to dispel uncertainties, as the restoration of travel and business restrictions threatens to weigh on global economic activity.
“The stimulus balloon will allow markets to better navigate the number of new air pockets that appear on the radar due to the latest variant of the virus,” said Stephen Innes of Axi in a report.
U.S. stock futures are pointing to gains after President Trump signed a $ 90 billion economic aid package, helping to reduce uncertainty as governments impose travel and business restrictions in response to a new variant of coronavirus and return from traders.
Asian stock markets rose on Monday after the US president’s shares. Shanghai, Tokyo and Hong Kong have moved on with traders returning to work after a three-day Christmas weekend.
The Shanghai Composite Index gained 0.3% to 3,406.69 and the Nikkei 225 in Tokyo added 0.5% to 26,798.62. Hang Seng in Hong Kong was up less than 0.1% at 26,391.20.
Meanwhile, in Hong Kong, Chinese e-commerce giant Alibaba Group announced that it was expanding the share buyback from $ 6 billion to $ 10 billion. Alibaba’s shares fell 7% after last week’s announcement of an anti-monopoly investigation and the suspension of the stock market debut of Ant Group, an online finance platform in which Alibaba has a 33% stake.
In Seoul, the Kospi rose 0.4% to 2,817.79, while India’s Sensex opened 0.06% at 47,230.55.
Singapore and Jakarta have also moved forward. Australian markets were closed.
On Monday, South Korea reported its first cases of the new variant in three people who arrived from Britain. Over the weekend, Japan also reported cases and re-imposed limits on the entry of non-resident foreigners into the country. He also said that Japanese and foreign residents would be required to show the results of the coronavirus test on arrival and observe the quarantines.
CLICK HERE TO READ MORE ABOUT FOX BUSINESS
In the energy markets, US reference oil lost 7 cents to $ 48.16 a barrel in e-commerce on the New York Mercantile Exchange. On Thursday, the contract rose 11 cents to close at $ 48.23. Brent oil, the basis for international oil prices, fell 12 cents to $ 51.22 a barrel in London. It rose 9 cents in the previous session to $ 51.29 a barrel.
The dollar fell to 103.54 yen from Friday’s 103.68 yen. The euro rose to $ 1.2216 from $ 1.2180.