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MarketWatch MarketPulseJan 19, 2021
Dow ends higher to halt 3-session skid as investors cheered by 'act big' Janet Yellen
U.S. stocks finshed solildy higher Tuesday as Janet Yellen in her Senate confirmation hearing called for more fiscal aid for the pandemic-battered economy, helping push investors into a buying mood at the start of a holiday-shortened trading week. Markets were closed on Monday in observance of the Martin Luther King Jr. holiday. Yellen is Biden's nominee to replace Treasury Secretary Steven Mnuchin, and has emphasized the need for more government spending to avoid a protracted economic recession as a result of the COVID-19 pandemic. "But right now, with interest rates at historic lows, the smartest thing we can do is act big," she said in prepared testimony. The Dow Jones Industrial Average halted a three-session skid to close up 0.4% higher at around 30,930, the S&P 500 index advanced 0.8% to finish at 3,799, halting its two-session slide. The Nasdaq Composite Index rose 1.5% to finish at 13,197, narrowly missing a closing high at around 13,201. Markets were watching results from Netflix , which was coming out after the close of markets on Tuesday. Earlier in the session, market participants were parsing quarterly results from the likes of Goldman , which reported fourth-quarter net income that more than doubled and beat expectations by a wide margin, and revenue that also topped Wall Street expectations.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



MarketWatchJan 18, 2021
NewsWatch: These copper-exposed stocks can surge in 2021 as tailwinds line up, Morgan Stanley says
Copper-exposed stocks could be set to surge in 2021 and a buying opportunity may be around the corner, Morgan Stanley analysts said on Monday.
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Bideninauguration Joe will Trump COVID-19
StockToday Market Buy trading Jumped
StocksThese Surge Higher biggest European
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Netflixsubscribers Stock Million Earnings Growth
ChinaTesla Model Y Pompeo repression
COVID-19Biden Vaccine Americans vaccines Coronavirus
StimulusYellen Biden ‘act higher plan

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