Wall Street is looking forward to happy holidays and a farewell to a pandemic-stricken 2020 and an embrace of a new year, with the last two weeks in December representing abbreviated sessions.
Equities have performed exceedingly well during a seasonal period that includes the year’s last five trading days and the first two sessions of the new year, in what’s come to be known as the “Santa Claus” rally.
‘With a second round of stimulus checks of $600 announced by Congress on Sunday, will the Internal Revenue Service give me a check based on my 2019 return?’
U.S. Treasury yields are slightly higher Wednesday morning as investors eye President Donald Trump’s comments that he wanted to revise the pandemic relief package.
Crude-oil futures were edging slightly higher on Wednesday, with the commodity attempting to recover from a weekly slide induced by concerns that a fast-spreading variant of the coronavirus would lead to tighter global lockdowns, hobbling energy demand.
A new strain of COVID-19 identified by researchers in the United Kingdom has set off concern about the possibility of a more infectious variant of the coronavirus moving into the U.S. at a time when cases are at all-time highs.
U.S. stock futures point slightly higher Wednesday morning as investors watched for a cavalcade of economic reports, including a weekly reading on jobless benefit claims which are being published a day early due to the shortened holiday trade on Thursday and market closure on Friday in observance of Christmas.
Wall Street is looking forward to happy holidays and a farewell to a pandemic-stricken 2020 and an embrace of a new year, with the last two weeks in December representing abbreviated sessions.
President Donald Trump lashed out at Sen. John Thune on Tuesday, a day after the No. 2 Republican in the Senate said a longshot bid to block Joe Biden from becoming president “would go down like a shot dog” in the Senate.