Dow Futures Turn Lower Ahead Of Historic Trump Impeachment Vote; Bond Yields Rally
TheStreet
1/13/2021
The Wednesday Market Minute
Global stocks extend cautious gains, with US stocks holding in tight ranges, as lawmakers in Washington move closer toward the historic impeachment of President Donald Trump.
House lawmakers will vote on impeachment later today, with reports suggesting Republican lawmakers in the Senate could be willing to support Democrats in removing Trump from office.
Benchmark 10-year bonds yield tumble following a stronger-than-expected auction Tuesday, lifting the dollar to solid gains against its global peers.
Oil prices hold steady after API data shows a 5.8 million decline in domestic U.S. crude stocks, with today's EIA report in focus.