The additional economic stimulus policies for US stock index futures hope to rise after President-elect Biden takes office.
When the Wall Street meeting began on Friday, the main futures index showed a rise of 0.2%.
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As Democrats prepare to take control of Washington and investors are looking forward to the Biden administration, Congress will try to provide most Americans with a $2,000 check, increase infrastructure spending, and take other measures to defend the economy as the pandemic intensifies .
The first major economic event of the new year will be released on Friday morning and the December employment report will be released. The U.S. Department of Labor is expected to say that last month, the U.S. economy added 71
This is also the smallest increase since employment resumed in May. The unemployment rate is expected to rise from 6.7% in November to 6.8%, the lowest level since March.
Another 787,000 Americans were unemployed last week
In Europe, London’s FTSE Index fell 0.1%, Germany’s DAX rose 0.7%, and France’s CAC rose 0.3%.
In Asia, Japan’s Nikkei 225 index rose 2.4% to close at 28139.03, the highest closing price in more than 30 years.
Hong Kong’s Hang Seng Index rose 1.2%, while China’s Shanghai Composite Index fell 0.2%.
The S&P 500 Index rose 1.5% on Thursday to a record high of 3,803.79. The confirmation by Congress that Joe Biden won the presidential election and the transfer of control of the Senate to the Democrats reassured investors that it largely got rid of the violence and chaos in the Capitol the day before.
|Me: DJI||Dow Jones Average||31041.13||+211.73||+ 0.69%|
|SP500||S&P 500||3,803.79||+55.65||+ 1.48%|
|I: COMP||Nasdaq Composite Index||13067.479759||+326.69||+ 2.56%|
President Trump issued a statement saying that “there will be an orderly transition on January 20,” although he continues to falsely claim that he has won. On Tuesday, two runoff democratic victories over Georgia’s US Senate seat brought down the Senate with half, (counted as the two independent caucus and the Democratic Party), and potential links were broken by Vice President-elect Kamala Harris .
Although the technology sector of the Standard & Poor’s 500 Index gained the most, it made up for the decline after the previous day’s correction, but the sector’s gains were broad. The Dow Jones Index rose 0.7% to 31,041.13. The Nasdaq index, which has a large number of technology stocks, rose 2.6% to 13,067.48.
Wall Street’s latest rally has increased from the previous day, when the stock market rose due to the Democratic Party’s victory in the Senate election. Investors have largely avoided the current political scandals and the accelerated global development of the coronavirus pandemic, instead focusing on improving the prospects for the economy.
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In energy trading, in electronic trading on the New York Mercantile Exchange, the benchmark US crude oil price rose 41 cents to 51.25 US dollars per barrel. It rose 20 cents on Thursday to $50.83 per barrel. International standard Brent crude oil rose 56 cents to $54.94 per barrel.
The Associated Press contributed to this report.