New York Stock Exchange to Records on $ 1900 Billion

The Dow Jones index rises 0.4% at 6.30 pm. The broader S&P 500 gains 0.3%, the Nasdaq gains 0.1%.

Despite the small profit, the indicators are on track for a fifth positive trading session in a row.

Meanwhile, 78% of all reported quarterly figures trumps expectations, according to a comparison by Bloomberg.

After a long meeting, the US Senate approved the budget of Biden’s package worth $ 1,900 billion. Due to adjustments, the House of Representatives, which previously agreed to it, has to vote again.

Job grade

Employment in the United States rose in January, but less than economists had generally expected. Experts say that this limited recovery in the labor market is increasing the call for extra corona support for the American economy.

It was also announced that unemployment has fallen markedly in the first month of the year, to 6.3 percent from 6.7 percent in the previous month.

Gold and silver gained 1.3% and 3.4% respectively. US oil rose 1.2% to $ 57 a barrel.

GameStop

Attention also went back to the so-called Reddit shares. Popular investment app Robinhood lifted the restrictions on game retail chain stock GameStop (+ 20%) on.

Pharmaceutical Johnson & Johnson won almost 2%. Subsidiary Janssen Biotech from Leiden asked the American medicines authority for permission to put its corona vaccine on the market. This is an application for accelerated approval of the vaccine with the Food and Drug Administration (FDA).

Automaker Ford (plus 1.5 percent) wants to invest $ 22 billion in electric and self-driving cars over the next four years. That is almost double the previous investment plans in plug-in cars.

Game company Activision Blizard won 10%, it sees more sales of the new version of Activision Blizzard. Cosmetic chain Estée Lauder plus by 8%. Entertainment complex Wynn increases 7.8%.

Nike increased by 2.5%.

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New York Stock Exchange to Records on $ 1900 Billion Aid Package for US | Financial
Source link New York Stock Exchange to Records on $ 1900 Billion Aid Package for US | Financial

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