| Previous Close | 3,853.07 |
| Open | 3,844.24 |
| Volume | 2,287,817,476 |
| Day's Range | 3,830.41 - 3,852.31 |
| 52 Week Range | 2,191.86 - 3,861.45 |
| Avg. Volume | 4,737,344,426 |
- Editor's PickYahoo Finance
Fed meeting, Big Tech earnings, Q4 GDP: What to know in the week ahead
Traders will have no shortage of events to consider this week, with the Federal Open Market Committee’s January policy meeting and bevy of major corporate earnings results and economic data releases all on deck.
- Bloomberg
Stocks, Futures Rise on Stimulus Bets; Dollar Dips: Markets Wrap
(Bloomberg) -- Global stocks rose with U.S. equity futures as investors focused on the prospect of additional fiscal stimulus and supportive Federal Reserve policy amid the worsening pandemic. The dollar dipped.Europe’s Stoxx 600 Index opened higher in a broad-based rally. Stocks outperformed in South Korea and Hong Kong. U.S. futures pointed higher, with Nasdaq 100 contracts leading gains ahead of a slew of tech earnings reports this week. Treasury yields edged up.Global stocks are close to all-time highs as expansive stimulus assuages concerns stemming from additional coronavirus lockdowns and the patchy rollout of vaccines, which has led to a tougher start for the world economy in 2021 than earlier expected.U.S. lawmakers are sparring over President Joe Biden’s proposed $1.9 trillion Covid-19 relief plan but investors continue to expect some additional spending to materialize eventually. Traders are also hoping Fed Chair Jerome Powell will provide reassurance after Wednesday’s policy meeting that $120 billion of monthly bond purchases won’t be tapered any time soon.“Investors see continued open-spigot monetary policy and more fiscal stimulus,” said Marc Chandler, chief market strategist at Bannockburn Global Forex. “Coupled with the vaccine’s rollout, it will generate a critical mass of more robust economic growth as the year progresses.”Global coronavirus cases are nearing the 100 million mark, with the U.S. stepping up surveillance of virus variants to monitor their impact on inoculations. Mexican President Andres Manuel Lopez Obrador said in a tweet that he is infected with Covid-19.Hong Kong’s stock market was boosted by a surge in Tencent Holdings Ltd. The Internet giant has become a prime target for traders from mainland China who are flooding record amounts of cash into Hong Kong-listed shares this year.Elsewhere, oil held near $52 a barrel in Asian trading following a surprise gain in U.S. crude stockpiles. Gold dipped and Bitcoin traded at around $33,000 after tumbling last week.These are some key events coming up in the week ahead:Microsoft Corp., Apple Inc., Tesla Inc., Facebook Inc., UBS Group AG and Samsung Electronics Co. are among companies reporting results.Chinese President Xi Jinping is due to speak at the World Economic Forum’s “The Davos Agenda 2021” online event on Monday.People’s Bank of China Governor Yi Gang and European Central Bank Chief Economist Philip Lane speak at a conference on Monday.Data on U.S. home prices and consumer confidence come Tuesday.The Federal Open Market Committee monetary policy decision and briefing by Chair Jerome Powell are scheduled for Wednesday.Fourth-quarter GDP, initial jobless claims and new home sales are among U.S. data releases Thursday.U.S. personal income, spending and pending home sales come Friday.These are the main moves in markets:StocksFutures on the S&P 500 Index gained 0.5% as of 8:05 a.m. London time.The Stoxx Europe 600 Index increased 0.5%.The MSCI Asia Pacific Index advanced 1%.The MSCI Emerging Market Index climbed 1.3%.CurrenciesThe Bloomberg Dollar Spot Index fell 0.1% to 1,121.22.The euro gained 0.1% to $1.2178.The British pound climbed 0.2% to $1.3713.The Japanese yen was little changed at 103.73 per dollar.BondsThe yield on 10-year Treasuries climbed one basis point to 1.10%.The yield on two-year Treasuries gained less than one basis point to 0.12%.Germany’s 10-year yield gained less than one basis point to -0.51%.Britain’s 10-year yield advanced one basis point to 0.312%.CommoditiesWest Texas Intermediate crude gained 1.2% to $52.58 a barrel.Gold weakened 0.1% to $1,853.45 an ounce.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
- Yahoo Finance UK
Oxfam: Increase in world's 10 richest men's wealth during pandemic could pay for globe's COVID-19 vaccine
Oxfam said a temporary tax on excess profits made by the 32 global corporations that have gained the most could have raised $104bn in 2020.
