U.S. stock markets rose Thursday morning as traders awaited details of President-elect Joe Biden’s proposed COVID-19 aid package.
|Me: DJI||DOW JONES AVERAGE||31
|SP500||S&P 500||3819.82||+9.98||+ 0.26%|
|I: COMP||NASDAQ COMPOSITE INDEX||13189.762543||+60.81||+ 0.46%|
The Dow Jones Industrial Average rose 95 points, or 09.31%, in the first minutes of trading, while the S&P 500 and Nasdaq Composite were higher by 0.23% and 0.3%, respectively.
BUDTIDES PREVIOUS STIMULUS PLANJUICES STOCK
The bid, which is expected to cost up to $ 2 trillion, could extend more help to households and businesses beyond easing the burden on state and local governments. Upcoming Senate Majority Leader Chuck Schumer, a New York Democrat, sought a $ 1.3 trillion COVID-19 aid package.
Elsewhere on Capitol Hill, President Trump on Wednesday was accused of “inciting rebellion.” In a vote of 232 to 197, all House Democrats and 10 of their Republican colleagues reversed the measure. Senate Majority Leader Mitch McConnell of Kentucky said the upper house would not be able to start a lawsuit until January 19 – a day before Biden’s inauguration.
|FROM||DELTA AIR LINES INC.||42.38||+1.94||+ 4.80%|
Looking at equities halved Delta Air Lines Inc. his daily cash burn to $ 12 million over the three months to December, while posting a slightly larger quarterly loss than Wall Street analysts had expected. The Atlanta-based airline lost a record $ 12.39 billion last year.
|JPM||JP MORGAN CHASE & CO.||142.26||+1.90||+ 1.35%|
|WFC||WELLS FARGO & COMPANY||34.60||+0.80||+ 2.35%|
|C||CITIGROUP INC.||68.21||+1.34||+ 2.00%|
BlackRock Inc. reported quarterly earnings and revenue that exceeded estimates as assets under management reached a record $ 8.68 trillion. On Friday, a trio of major banks will report results, including JPMorgan, Wells Fargo and Citigroup.
|TSLA||TESLA INC.||858.60||+4.19||+ 0.49%|
Elsewhere, Tesla Inc. asked the National Highway Traffic Safety Administration to recall 158,000 vehicles due to lack of touch screens.
|GME||GAMESTOP CORP||34.74||+3.29||+ 10.46%|
Meanwhile, GameStop Corp. rose. another day in a row amid a presumed short press when short interest rates recently hit 138% of outstanding shares. Shares of the video game retailer rose 58% on Wednesday.
|INTC||INTEL CORPORATION||58.88||+1.93||+ 3.39%|
Intel Corp. shares continued their momentum from Wednesday as they rose 6.97% following the news that CEO Bob Swan would step down next month. He is replaced by Pat Gelsinger, CEO of VMWare Inc.
In deal news, Google and Fitbit have closed their $ 2.1 billion. Agreement after UK regulators approve the transaction. U.S. regulators reminded investors they had not yet signed. In a corporate blog, Google noted, “This agreement has always been about devices, not data, and we have been clear from the outset that we want to protect the privacy of Fitbit users.”
|GOOGL||ALPHABET INC.||1,755.00||+7.75||+ 0.44%|
In commodities, West Texas Intermediate crude fell 46 cents to $ 52.45 per share. Barrel, and gold slipped $ 9.70 to $ 1,845.20 an ounce.
Britain’s FTSE 100 increased gains in Europe, increased 0.5%, Germany’s DAX 30 added 0.24% and France’s CAC 30 increased 0.17%.
Asian markets ended mixed with China’s Shanghai Composite Index falling 0.91%, while Japan’s Nikkei 225 and Hong Kong’s Hang Seng Index rose 0.85% and 0.93% respectively.