1. Stock Futures Rise as Reddit Crowd Turns to Precious Metals
Stock futures were higher Monday as the anxiety over volatile retail trading, particularly in shares of GameStop (
AMC) - Get Report, ebbed as day traders turned their attention to precious metals.
Contracts linked to the Dow Jones Industrial Average gained 246 points, S&P 500 futures were up 39 points and Nasdaq futures rose 148 points.
Silver became the new target of retail investors over the weekend, with futures surging as much as 13%.
Stocks finished sharply lower Friday amid the continued retail-trading frenzy on Wall Street and concerns over distribution of coronavirus vaccines. The S&P 500 posted its biggest weekly decline since October.
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Here are five things you must know for Thursday, Jan. 21:
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1. Stock Futures Rise on Stimulus Hopes
Stock futures traded higher Thursday as investors looked to more support for the struggling U.S. economy and improved vaccine distribution from the Biden administration.
Contracts linked to the Dow Jones Industrial Average were up 63 points, S&P 500 futures gained 10 points and Nasdaq futures rose 65 points.
Biden, who was sworn in as the 46th president of the United States on Wednesday, has pushed a Covid-19 relief package of $1.9 trillion that includes direct stimulus payments to Americans, enhanced jobless benefits and funds for vaccine deployment.
1. Stock Futures Slip, Bond Yields Ease
Stock futures were lower Wednesday as investors looked to the rollout of vaccines and robust government spending from the Joe Biden administration to help rescue an economy battered by the coronavirus pandemic.
Wall Street also was keeping a wary eye on developments in Washington, where the House of Representatives was preparing Wednesday to vote on the possible second impeachment of Donald Trump following last week’s attack on the Capitol by the president’s supporters.
Contracts linked to the Dow Jones Industrial Average fell 87 points, S&P 500 futures slipped 15 points and Nasdaq futures were down 45 points.
Biden, Trump, Capitol Chaos, Twitter, Plug Power - 5 Things You Must Know Thursday TheStreet 1/7/2021
Here are five things you must know for Thursday, Jan. 7:
1. Stock Futures Rise as Democrats Win Senate
Stock futures rose Thursday after Democrats won control of the Senate and Joe Biden was recognized by Congress as the next U.S. president.
Contracts linked to the Dow Jones Industrial Average gained 126 points, S&P 500 futures rose 22 points and Nasdaq futures were up 106 points.
Stock futures maintained gains after jobless claims in the week ended Jan. 2, fell 3,000 to 787,000.
Stocks closed higher Wednesday and the Dow finished at a record high even as the U.S. Capitol was locked down after supporters of President Donald Trump stormed past barricades and breached the building.
1. Stock Futures Rise as Democrats Win Senate
Stock futures rose Thursday after Democrats won control of the Senate and Joe Biden was recognized by Congress as the next U.S. president.
Contracts linked to the Dow Jones Industrial Average gained 126 points, S&P 500 futures rose 22 points and Nasdaq futures were up 106 points.
Stock futures maintained gains after jobless claims in the week ended Jan. 2, fell 3,000 to 787,000.
Stocks closed higher Wednesday and the Dow finished at a record high even as the U.S. Capitol was locked down after supporters of President Donald Trump stormed past barricades and breached the building.