The Dow Jones Futures rallied more than 100 points on the day, indicating that Wall Street stock markets will rebound tonight. Responds to bright performance And inflation figures in line with analysts forecast.
As of 20.54 hours, the Dow Jones futures were up 154 points or 0.49% to 31,432 points.
Shares of Twitter Inc. jumped more than 7% in trading before Wall Street opened today. After disclosing higher-than-expected profit and revenue figures in 4Q2020
The US Department of Labor said. The Consumer Price Index (CPI) gained 0.3% in January after rebounding 0.4% in December.
Year-on-year, the CPI rose 1.4%, after a 1.4% gain in December.
The CPI index remained low in January. By being pressured by the spread of the coronavirus. Which affected the labor market and the service sector
Analysts had previously forecast a 0.3% increase in the CPI in January compared to monthly and 1.5% year on year.
Federal Reserve Chairman Jerome Powell will speak at a panel discussion of the Economic Association of New York today at 2:00 pm US time, or tonight at 2am Thai time, as a systematic meeting. Video conference
Investors keep an eye on Mr Powell’s statement. To find signs of US economic conditions And interest rate direction Amid the effects of the coronavirus outbreak
The market will also monitor progress on the issuance of US economic stimulus measures.
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.
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