World shares up on stimulus hopes as Congress OKs Biden win
09 January, 2021, 10:59
USA stocks are drifting near their record highs on Friday, following a sober reminder of how many jobs the pandemic is destroying, as Wall Street balances expectations for the economy's potentially brighter future against its current pain.
The S&P 500 posted 75 new 52-week highs and no new lows while the Nasdaq recorded 352 new highs and five new lows.
The economic data of the day came in better than expected as well, with lower-than-predicted jobless claims for last week, and a stronger-than-expected December services purchasing managers' index.
Meanwhile, referring to a riant market optimism over a larger pandemic stimulus bill alongside a likely raise of a one-off pay-check to $2,000 from an earlier $600 passed in the US Congress later past year, a portfolio manager at GolbAlt in Atlanta, Keith Buchanan said, "You're seeing a reflation trade on the assumption that a more progressive and aggressive fiscal stimulus package could be in the offing". The remarks unsettled investor who expect further stimulus payments. "The employment recovery has stalled as a result", he said.
Congress held a joint session today to ratify President-elect Joe Biden's 306-232 Electoral College win over President Donald Trump. JPMorgan Chase slipped 0.4%, and Bank of America fell 1.5% for two of the biggest weights on the S&P 500.
U.S. House Speaker Nancy Pelosi urged Trump's immediate removal from office.
The S&P 500, the broadest measure of the United States equities market, was up 1.4 per cent and the Nasdaq Composite soared 2.3 per cent at midday.
"The irony is that. despite the chaos we got more clarity and certainty that Biden is the president and that there is Democratic government", said John Petrides, portfolio manager at Tocqueville Asset Management in NY.
Electric car-maker Tesla Inc jumped 7.8%, taking its market capitalization to more than $800 billion for the first time ever.
The rally was broad-based, though the S&P 500′s technology sector notched the biggest gain, recouping losses after a pullback a day earlier.
USA -listed shares of Baidu Inc gained 8% on plans to form a company to make smart electric vehicles, according to two sources familiar with the matter.
Advancing issues outnumbered declining ones on the NYSE by a 1.10-to-1 ratio; on Nasdaq, a 1.07-to-1 ratio favored advancers.
Twitter permanently banned Trump from the social media platform Friday, citing the risk that he would incite further violence. The social platform has been under growing pressure to take further action against Trump following the Wednesday violence.
The dispute arose as a result of Minaj interpolating Chapman's 1988 " Baby Can I Hold You " into her own song " Sorry " in 2018. Minaj and Chapman were scheduled to go to trial but this settlement avoids it.
The Mail on Sunday issued an apology to the Duke of Sussex and also made a donation to the Invictus Games fund. Now, they are thriving in California, and have signed multi-million partnerships with Netflix and Spotify .
Hyundai further told CNBC: "We understand Apple is in discussion with a variety of global automakers, including Hyundai Motor". Hyundai has completed internal talks on the project and is awaiting approval from the chairman, according to the report .
But DeVos did not single out the president for criticism, as she does in Thursday's letter of resignation . Chao and DeVos have been members of Trump's Cabinet since just after his inauguration in 2017.
Irving has been on fire to start the 2020-21 season, as he's averaging 27.1 points a game and shooting very well from the field. The Brooklyn Nets are without superstar guard Kyrie Irving tonight in their matchup against the Philadelphia 76ers .
Besides, the DST taxes companies' revenue rather than their income. "India's [Equalisation Levy] is discriminatory on its face". USTR started investigation in June previous year against Equalisation Levy (EL), on the ground of Section 301 of the U.S.
Here's a comparison with regards to the Razer Book 13 and the Apple M1 MacBook Pro from a story by MacRumors . They're also remarkably affordable, but their best feature is 2X to 3X the previous models' battery life.
The US benchmark WTI futures rebounded to 50 dollars a barrel on Tuesday for the first time since February previous year . United States crude stocks fell and fuel inventories rose, the Energy Information Administration said on Wednesday.
To play or not to play, that is the question
He said: 'We have had two players who were very, very sick and one or two members of staff who were almost hospitalised. Bruce added that fielding youth teams in the FA Cup "devalues" the competition even in the midst of the pandemic.
Man City owner buys historic FA Cup trophy
Sergio has been back home as well to see his family but he's back now. "Marcos would have to travel in and do quarantine before". It might be the end of January or in the summer where he finds somewhere else.
Police clearing Trump supporters from US Capitol
That process will continued until all states are tallied - or until an objection is raised about the results in a given state. Pence released a statement as the session began Wednesday, saying he does not have "unilateral authority" to reject votes.
U.S. Capitol cop killed in pro-Trump riot a war vet
They said he went to a technical school to study electronics but ditched it to follow his dream of becoming a police officer. The procedure allows for the vice president and a majority of the Cabinet to declare the president unfit for office.
How Long Does The COVID Vaccine Protect Against The Virus?
In future years, it is thought that Covid-19 vaccines will need to be tweaked annually much in the same way the winter flu jab is. Ontario hospitals have been told to brace for patient transfers from outside their regions as COVID-19 hospitalizations rise.
North Korea threatens to expand nukes, calling U.S. hostile
Kim said he won't use his nuclear arsenal unless "hostile forces" intend to use their nuclear weapons against North Korea first. Biden, who was vice president under President Barack Obama, called Kim a "thug" during the election campaign.
COVID-19 claims five in Clark County as new cases surge
Health Department Administrator Khala Hochstedler says seniors must register through the state and must have an appointment. Individuals should first check to see if vaccination is available through their primary healthcare provider.
Indonesia's top Islamic body OKs China's Sinovac vaccine
The country plans to vaccinate about 67 percent of its population - about 181.5 million people, to achieve herd immunity. In December, Brazil announced that CoronaVac had shown an efficacy of above 50%, without giving a more precise figure.
UAE: No diplomatic ties to Qatar yet, says UAE
Leaders of the Gulf Cooperation Council and Egypt on Tuesday signed an agreement that aims to strengthen unity and cohesion. Meanwhile a Qatari business delegation flew from Saudi to Cairo to open a luxury hotel in the Egyptian capital.