Biden Stimulus, JPMorgan Chase, Tesla, Apple - 5 Things You Must Know Friday TheStreet 1/15/2021
Here are five things you must know for Friday, Jan. 15:
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1. Stock Futures Fall After Biden Unveils $1.9 Trillion Relief Package
Stock futures fell Friday as President-elect Joe Biden unveiled a $1.9 trillion Covid-19 relief package and after JPMorgan Chase and other big U.S. banks kicked off the fourth-quarter earnings season.
Contracts linked to the Dow Jones Industrial Average declined 184 points, S&P 500 futures fell 17 points and Nasdaq futures were down 3 points.
Biden s American Rescue Plan includes $1,400 checks for individuals, on top of $600 provided in the last relief bill. Other elements of the plan include extending supplemental unemployment payments and a moratorium on evictions and foreclosures through September.
Dec 15, 2020 10:37 GMTFXStreet News
NZD/USD witnessed some profit-taking on Tuesday and retreated further from multi-year tops.
A subdued USD price action might extend some support and help limit any meaningful downfall.
Investors now eye second-tier US economic data for some impetus ahead of the FOMC meeting.
The NZD/USD pair edged lower during the early European session and dropped to three-day lows, around the 0.7060 region in the last hour.
Following a brief consolidation through the first half of the trading action on Tuesday, the pair witnessed some selling and retreated further from the highest level since April 2018 set in the previous session. The pullback could be solely attributed to some profit-taking and is likely to remain limited amid a subdued US dollar price action.
Wall Street Set To Open Positive
BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - Investor optimism in the U.S. continues to be up on Tuesday morning, and the initial trend on the U.S. Futures Index suggests that Wall Street might open higher.
Meanwhile, the spike in COVID-19 infections is worrying countries across Europe. The U.K., Canada along the U.S. has started the roll-out of vaccines.
Asian shares finished lower, while European shares are trading down.
As of 7.30 am ET, the Dow futures were adding 188.00 points, the S&P 500 futures were gaining 25.75 points and the Nasdaq 100 futures were up 75.00 points.