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Biden Pledges Federal Vaccine Campaign to Beat a Surging Coronavirus The New York TimesThird stimulus check: When could you get a $1,400 check? CBS NewsHow Biden's new COVID-19 vaccination plan could turn the tide of the pandemic Yahoo NewsOn vaccines, America must balance speed and equity The Washington Post
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Sectors including banking, biotech, gold mining, green energy and infrastructure will be in play this year.
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Did Wall Street just "sell the news"? Stocks decline a day after Biden unveils $1.9 trillion "American Rescue Plan."
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If Joe Biden's economic relief package is approved by Congress, unemployment benefits could get a significant boost and more schools may reopen.
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Biden administration will publish White House visitor logs, reversing Trump policy Fox NewsBiden Twitter account 'starts from zero' with no Trump followers BBC NewsDemocrats Experience First Online Meltdown of Biden Era Over Question of What "$2,000" Means SlateJoe Biden is putting a bunch of retreads in his Cabinet. That's a massive relief. USA TODAYBiden Delivers Remarks On Public Health And The Economy |
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U.S. stock-market benchmarks finished lower on Friday, booking weekly losses after a third straight drop in retail sales highlighted weakness in consumer spending at the turn of the year. The Dow Jones Industrial Average fell 177 points, or 0.6%, to 30,814, based on preliminary numbers. The S&P 500 slipped 0.7% to end around 3,768. The Nasdaq Composite slid 0.9% to finish near 12,999. For the week, the S&P 500 and Nasdaq both fell 1.5%, while the Dow shed 0.9%. The disappointing retail sales data added to the urgency of further fiscal support. President-elect Joe Biden unveiled a proposed $1.9 trillion stimulus package on Thursday evening, but the bill has drawn widespread skepticism among analysts who question the package's viability. Investors also watched the unofficial start to corporate earnings season, with JPMorgan Chase reporting profits that beat expectations. However, revenues for Citigroup and Wells Fargo fell short of analyst estimates.
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.
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Psaki: Biden White House will make visitor logs public POLITICOPresident-Elect Joe Biden' Reveals Aggressive Relief Package CBS MiamiBiden administration will publish White House visitor logs, reversing Trump policy Fox NewsJoe Biden is putting a bunch of retreads in his Cabinet. That's a massive relief. USA TODAYBiden Twitter account 'starts from zero' with no Trump followers BBC News
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The president-elect's $1.9 trillion proposal would help low-income families while also advancing Democratic priorities.
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Exchange-traded funds exposed to utilities outperformed on Friday as investors fled stocks and other risky assets. The Utilities Select Sector SPDR Fund was up 0.5%, one of the only ETFs tracking the 11 sectors of the S&P 500 to be above water. Invesco's S&P 500 Equal Weight Utilities ETF jumped 0.6%, and both the Vanguard Utilities ETF and the iShares U.S. Utilities ETF gained 0.5%. Stocks lost ground Friday after some analysts pointed out that an ambitious fiscal relief plan from President-Elect Joe Biden was likely to face an uphill battle in Congress, even as economic data continued to disappoint.
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.
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States put smokers in line for the Covid-19 vaccine, sparking frustration among those lower in priority CNN23 die in Norway after receiving Pfizer COVID-19 vaccine: officials New York Post Pfizer vaccine: Canada to experience 'temporary' delay of shipments CTV NewsWe'll use every tool and dollar to deliver COVID vaccines fast: Biden CDC pick Walensky USA TODAY
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The president-elect said it's a ‘stupid, stupid thing' that masks have become a partisan issue.
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With a Democratic majority in the Senate, we expect a larger aid package this quarter.
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