Dow Futures Gain On Vaccine Rollout; Bitcoin Passes $23,000

The Thursday Market Minute

  • Global stocks test fresh record highs amid vaccine rollouts and stimulus hopes.
  • The FDA meets to consider Moderna’s Emergency Use Authorization request as the Pfizer/BioNTech vaccine is rolled out in Britain and the United States.
  • Congress reportedly nears a $900 billion aid package that could see checks of between $600 to $700 sent out before the end of the year.
  • The Fed pledges to keep rates near record lows for at least three years, while continuing to buy $120 billion in bonds each month until ‘substantial’ progress is made on jobs and inflation.
  • The dollar slumps to an early 2018 low of 89.955 against its global currency peers and bitcoin tops $23,000. 
  • U.S. equity futures point to a firmer open on Wall Street ahead of Weekly jobless claims data at 8:30 am Eastern time.

Wall Street traded higher Thursday, with the three major benchmarks eyeing fresh all-time highs, as markets continue to rally amid the rollout of coronavirus vaccines in the U.S. and Europe and hopes of a stimulus agreement breakthrough in Washington. 

Source link

Add a Comment