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US Stock Index Futures Mixed Ahead of Corporate Giants’ Earnings; Microsoft Reports After the CloseGeneral Electric, Verizon and Johnson & Johnson are slated to report results before the bell, while tech giant Microsoft will announce after the bell.
Jan 26, 2021 12:02 PM GMT
The major U.S. stock indexes are trading mixed shortly before the cash market opening on Tuesday as investors prepare for the heart of the corporate earnings season, highlighted by the release of the corporate earnings of larger companies that are likely to impact the direction of the overall trade.
General Electric, Verizon and Johnson & Johnson are slated to report results before the bell, while tech giant Microsoft will announce its fiscal second-quarter earnings after the bell.
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US President-elect Joe Biden, right, listens as Janet Yellen, who Biden nominated to serve as Secretary of the Treasury, speaks at The Queen theater, Tuesday, Dec. 1, 2020, in Wilmington, Del. (AP Photo/Andrew Harnik)
The Senate on Monday approved US President Joe Biden’s nomination of Janet Yellen to be the nation’s 78th treasury secretary, making her the first woman to hold the job in the department’s 232-year history.
Yellen, a former chair of the Federal Reserve, was approved by the Senate on a 84-15 vote, becoming the third member of Biden’s Cabinet to win confirmation.
She is expected to play a key role in gaining congressional approval of Biden’s $1.9 trillion coronavirus relief package, which is running into stiff opposition from Republicans who believe the price tag is too high.