Wall Street in the green after opening pending Biden’s stimulus package

 The  New York Stock Exchange was moving in the green Thursday after the opening, awaiting the announcement by the future president Joe Biden of a new stimulus plan and despite a sharp increase in jobless claims.

At 3:30 p.m. GMT, the Dow Jones rose 0.45% to 31,199.05 points. © www.en24news.com The  Nasdaq gained 0.61% to 13,208.62 points. © www.en24news.com The  S&P 500 was up 0.30% to 3,821.15 points.

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© www.en24news.com The  day before, the Dow Jones had finished close to equilibrium (-0.03%). © www.en24news.com The  technology-heavy Nasdaq rose 0.43% while the broader S&P 500 index advanced 0.23%.

© www.en24news.com The  market is up early in the session amidst turmoil as investors digest economic data and a host of events to come,” Schwab analysts said.

Weekly jobless claims resumed sharply after the end of the year holiday break.

From January 3 to 9, 965,000 people registered as unemployed, against 784,000 the previous week, which represents 181,000 additional registrations over a week.

© www.en24news.com The se are the highest claims for unemployment benefits since August when containment measures were again applied in several states due to a resurgence of the virus.

To get out of the crisis caused by the pandemic, President-elect Joe Biden has promised a new stimulus package, which will run into “trillions of dollars”. He must present the basics on Thursday evening.

Central Bank (Fed) President Jerome Powell is also due to intervene at midday as he takes part in a discussion on the economy.

Among the stocks being sought, Delta Airlines was gaining almost 5% despite Thursday’s announcement of a net loss of $ 12.4 billion in 2020.

Its revenue fell 64% to $ 17.09 billion over the period, which is, however, less than analysts expected. American Airlines gained 4.5%.

Animal feed distributor Petco was due to go public at $ 18 a share. © www.en24news.com The  online lender Affirm Holdings, floated on the stock market the day before, continued its meteoric rise to + 11.23% after + 98% at the end of its first session.

In the bond market, the 10-year yield on Treasuries edged up to 1.1002% from 1.0832% the day before.


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