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Dow Futures Edge Higher, With Oil And The Dollar Gaining on Reflation Bets: Weekly Jobless Claims in Focus


Dow Futures Higher, Oil Trades at One-Year Highs: Weekly Jobless Claims Fall to 779,000
TheStreet
2/4/2021
Martin Baccardax
The Thursday Market Minute
Global stock rally pauses ahead of weekly jobless claims and a rising U.S. dollar, .
House Democrats approve procedural changes that will allow for the passage of President Biden s $1.9 trillion stimulus bill without Republican support.
Treasury Secretary Janet Yellen will chair a hastily-arranged meeting of market regulators to discuss last week s retail-fueled rally on Wall Street that added billions in market value to money-losing companies like AMC Entertainment and GameStop.
The dollar rises to the highest levels since late November, with bond yields also moving to the upside amid a broader reflation trade powered by an improving U.S. economy. ....

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