New York — US Equity Futures The new week began on Wall Street on Monday with reports that President-elect Joe Biden will release a new economic stimulus plan sometime this week as investors worry about the effects of a possible second impeachment trial for President Donald Trump.
|ribbon||Safety||the last||They change||They change%|
|I am: DJI||Dow Jones averages||31097.97||+56.84||+ 0.18%|
|SP500||Standard & Poor’s 500||3824.68||+20.89||+ 0.55%|
|I: COMP||Nasdaq Composite Index||13201.975424||+134.50||+ 1.03%|
Traders continued to cheer about the possibility that the next administration would inject more aid into the US economy, a move that would help Asia and other export-driven countries.
Wall Street finished last week with more achievements, largely ignoring another disappointing jobs report. The S&P 500 rose 0.5%, its second consecutive record high. The Dow Jones Industrial Average and Nasdaq Composite closed at new record levels.
The S&P 500 rose 20.89 points to 3,824.68. The Dow Jones rose 0.2% to 31,097.97. The Nasdaq rose 1% to 13,201.98. The Russell 2000 Small Equity Index fell 0.2%, to 2,091.66. It ended the week 5.9% higher, ahead of the 1.8% gain for the large stocks in the S&P 500.
High hopes for the launch of Corona virus vaccines. But reports about new versions of the virus raise new concerns, as some experts believe that more studies are needed to know whether the available vaccines will be effective in curbing these versions of the virus.
Meanwhile, Asian stocks were mixed on Monday as hopes for more US economic aid were met by fears of the damage caused by the epidemic.
South Korea’s Kospi rose 0.2% to 3,157.72. The Australian S & P / ASX 200 index fell 0.9% to 6697.20. Hong Kong’s Hang Seng rose 0.2% to 27,943.86, while the Shanghai Composite Index dipped 0.9% to 3,539.88.
Japanese markets were closed for a national holiday. In addition to fears of rising numbers of coronavirus infections, another new type of virus was reported over the weekend among the many people who arrived from Brazil.
Venkateswaran Lavagna of Mizuho Bank in Singapore said: „The resurgence of the emerging corona virus infection, with evidence of the spread of new, more contagious strains in Asia, outside the West, indicates that the hopes for recovery and the vaccine are also destroying the back of the tiger,“ referring to the danger of the situation. .
Japanese Prime Minister Yoshihide Suga has been keen to spare the world’s third largest economy as much as possible the risk of further drowning, even with the recent rise in coronavirus cases.
Suga’s declaration of a state of emergency in the Tokyo region, which began on Friday, focuses on requiring restaurants to close at 8 p.m. Critics fear that is not enough, and Suga’s support rates are declining. The shouts of his toppling would likely increase if the upward threshold of infection did not flatten out within a month, he promised.
In energy trading, record US crude fell 59 cents to $ 51.65 a barrel in electronic trading on the New York Mercantile Exchange. It rose $ 1.41 to $ 52.24 a barrel on Friday. Brent crude, the international benchmark, slipped 89 cents to $ 55.10 a barrel.
In currency trading, the US dollar rose to 104.12 Japanese yen from 103.95. The euro was at $ 1.2188, down from $ 1.2220.
Business writers contributed to AP Business, Stan Choi, and Damian J.
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