The Dow Jones Futures fell today. Indicating that the Wall Street stock market will rest overnight. After a huge spike from the beginning of this month
As of 19.46 GMT, the Dow Jones futures down 41 points or 0.13% to 31,227 points.
The Dow hit its all-time high yesterday. And has risen for 6 consecutive days, driven by progress in the economic stimulus package. And vaccination against COVID-19 in the US
Democrats succeeded in pushing Congress to approve the fast track approval of President Joe Biden’s $ 1.9 trillion economic stimulus package. Called budget reconciliation This will pave the way for the House of Representatives and the Senate to be able to certify the budget with more than half a vote. Instead of using two thirds of the votes for passing the general law And enable President Biden to push forward such stimulus measures Without the need for Republican support
U.S. House of Representatives Nancy Pelosi predicts that Congress will be able to pass a resolution approving economic stimulus measures to cure US citizens and businesses affected by the COVID-19 outbreak. Before March 15, the day the measures to help the unemployed affected by COVID-19 expire.
Investors forecast that the US will speed up the stimulus package. After the release of lower-than-expected non-farm payrolls on Friday.
Investors also keep an eye on the operating results of listed companies. Twitter and Cisco will report earnings today.
Among the companies in the S&P 500 that completed their 4Q20 earnings report, 83.6% reported higher-than-expected revenue and profit figures.
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