US stocks rose in early trading on Thursday as traders waited for President-elect Biden to present details of the COVID-19 rescue plan.
|Me: DJI||Dow Jones Average||31
|SP500||S&P 500||3,819.82||+9.98||+ 0.26%|
|I: COMP||Nasdaq Composite Index||13187.40066||+58.45||+ 0.45%|
The Dow Jones Industrial Average rose 95 points, or 09.31%, within a few minutes after the market opened, while the S&P 500 and Nasdaq Composite rose 0.23% and 0.3%, respectively.
Biden’s stimulus plan fruit juice drink
Biden’s proposal is expected to cost up to 2 trillion US dollars. In addition to reducing the burden on state and local governments, it can also provide more help to families and businesses. The upcoming Senate Majority Leader Chuck Schumer is from New York and he is seeking a $1.3 trillion COVID-19 relief package.
Elsewhere on Capitol Hill, President Trump was impeached on Wednesday for “inciting rebellion.” With 232 votes to 197 votes, all House Democrats and 10 Republican colleagues supported this measure. Kentucky Senate Majority Leader Mitch McConnell (Mitch McConnell) said that the upper house will not start the trial until January 19 at the earliest, the day before Biden’s inauguration.
|From||DELTA AIR LINES INC.||42.38||+1.94||+ 4.80%|
Looking at the stocks, Delta Air Lines cut its daily cash consumption in half to $12 million in the three months to December, and reported quarterly losses slightly higher than Wall Street analysts expected. Last year, the Atlanta-based airline lost a record $12.39 billion.
|JPM||JP MORGAN CHASE&CO.||142.27||+1.91||+1.36%|
|World Football Federation||FuGuo bank||34.64||+0.84||+ 2.48%|
BlackRock Inc. (BlackRock Inc.) reported quarterly earnings and revenue that exceeded expectations due to a record $8.68 trillion in assets under management. On Friday, the three major banks will report performance, including JPMorgan Chase, Wells Fargo and Citigroup.
|TSLA||Tesla Limited||858.60||+4.19||+ 0.49%|
Elsewhere, the National Highway Traffic Safety Administration required Tesla to recall 158,000 vehicles due to touch screen failure.
|GME||Game stop company||34.83||+3.38||+ 10.73%|
At the same time, GameStop Corp. soared for the second day in a row due to the expected short contraction, as short equity recently reached 138% of outstanding shares. The video game retailer’s stock rose 58% on Wednesday.
|International Trade Centre||Intel Corporation||58.87||+1.92||+ 3.36%|
Intel Corp.’s stock has continued to rise since Wednesday, and its share price has risen by 6.97%. He will be succeeded by Pat Gelsinger, CEO of VMWare Inc.
In terms of transaction news, Google and Fitbit have completed their $2.1 billion transaction after the UK regulator approved the transaction. US regulators remind investors that they have not yet signed. Google pointed out in the company blog: “This transaction has always been about equipment, not data. From the beginning, we have made it clear that we will protect the privacy of Fitbit users.”
|Gauge||Alphabet Inc||1,753.42||+6.17||+ 0.35%|
In commodities, West Texas Intermediate crude oil fell 46 cents to US$52.45 per barrel; gold fell US$9.70 to US$1,845.20 per ounce.
The UK’s FTSE 100 index followed Europe’s gains, rising 0.5%, Germany’s DAX 30 rose 0.24%, and France’s CAC 30 rose 0.17%.
Asian stock markets were mixed. China’s Shanghai Composite Index fell 0.91%, while Japan’s Nikkei 225 Index and Hong Kong’s Hang Seng Index rose 0.85% and 0.93%, respectively.