Home  »  Market Research   »  U.S. Indices Improved But Cautiously, Awaiting Bid...

U.S. Indices Improved But Cautiously, Awaiting Biden’s Plan

The New York Stock Exchange finished marginally higher on Tuesday after a hesitant session, backed by the possibility of a new stimulus plan in the United States, which President-elect Joe Biden would introduce on Thursday. Long-term interest rates continue to drive up the risk appetite and cause investors to discount cyclical prices, which could benefit from fiscal and economic stimulus.

At the end of the session, at 31,068 points, the Dow Jones index rose 0.19 percent, while the S&P 500’s large index added 0.04 percent to 3,801 points, and the Nasdaq Composite index, rich in electronics and biotech companies, regained 0.28 percent to 13,072 points.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free.


The tense political situation ahead of Joe Biden’s January 20 swearing-in, however, reduced the gains, as did the progression of the pandemic of Covid-19. Finally, stocks, with Delta Air Lines (Thursday) and many banks on Friday, including Citigroup, JP Morgan, and Wells Fargo, await the kick-off of the fourth quarter 2020 earnings season, which will be smooth this week.

Utilities (-0.5% for the sector index of the S&P 500) were among the sectors that dropped on Tuesday, suffering from an increase in prices. The “stars of quarantine measures” have withdrawn, beginning with technology (-0.4 percent). For the second session, Communication services finished at half-mast (-1.5 percent), under the weight of Twitter (-2.3 percent) and Facebook (-2.2 percent), at the centre of Donald Trump and his followers’ uproar over the contentious use of social networks.

The industries that will benefit from the economic growth are on the rise, namely oil (up 3.5%), consumer durable goods (up 1.3%), finance (up 1%), and basic materials (1 percent).

Investors are now centered on the evolution of the health crisis and the much-anticipated new assistance package for the Biden administration. The president-elect announced Friday that his economic agenda would be unveiled on Thursday, pledging “thousands of billions” in aid. The press referred to a new $3,000 billion ‘package’ which, from March 2020, will double the amount already injected by the federal state in multiple phases to boost the economy.

In specific, to resolve the ongoing situation, Joe Biden voiced his support for the payment of a new assistance check of $1,400 per American. This amount will be combined with the $600 paid out to increase the overall assistance to $2,000 per adult under the minimum package adopted before Christmas by Congress.

Most Popular

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Related Posts

Receive Best Stock To Trade Before The Opening Bell



100% Free. Stop Anytime. No Spam




The 5 Best Inflation Stocks for 2022

100% free. stop anytime no spam

Get our free report on the stocks that we recommend for investors who want to protect their portfolios from inflation.