Russell 2000 (^RUT)
- FX Empire
US Stock Futures Edge Lower as Biden Unveils Stimulus Plan; Major Banks Set to Kickoff Earnings Season
On Friday, investors will get fresh looks at major banks as Wells Fargo, Citigroup and JPMorgan Chase report their fourth quarter earnings.
ReutersREFILE-US STOCKS-Wall St ends lower as investors weighed stimulus hopes and bleak jobs data
Wall Street closed lower on Thursday after making a u-turn toward the end of the session as reports emerged about U.S. President-elect Joe Biden's pandemic aid proposal following earlier data that showed a weakening labor market. The Labor Department's weekly jobless report showed the number of Americans filing first-time claims for unemployment benefits increased more than expected last week, underscoring the impact of a resurgence in COVID-19 infections. While the S&P 500 lost a lot of steam toward the end of the day, it spent most of the session in positive territory as investors counted on Biden unveiling on Thursday evening a stimulus plan that could exceed $1.5 trillion.
- Reuters
US STOCKS-Wall Street ends lower as investors weigh stimulus hopes and bleak jobs data
Wall Street closed lower on Thursday as hopes for fresh fiscal stimulus ahead of President-elect Joe Biden's pandemic aid proposal were pitted against a weakening labor market. The Labor Department's weekly jobless report showed the number of Americans filing first-time claims for unemployment benefits increased more than expected last week, underscoring the impact of a resurgence in COVID-19 infections. While the S&P 500 lost steam toward the end of the day, it spent must of the session in positive territory as investors counted on Biden unveiling on Thursday evening a stimulus plan that could exceed $1.5 trillion.
