{"id":107651,"date":"2021-01-07T12:30:02","date_gmt":"2021-01-07T12:30:02","guid":{"rendered":"https:\/\/precoinnews.com\/?p=107651"},"modified":"2021-01-07T12:30:02","modified_gmt":"2021-01-07T12:30:02","slug":"stock-futures-gain-after-biden-win-certified","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/markets\/stock-futures-gain-after-biden-win-certified\/","title":{"rendered":"Stock futures gain after Biden win certified"},"content":{"rendered":"
Fox Business Flash top headlines are here. Check out what’s clicking on FoxBusiness.com.\n<\/p>\n
Stock futures gained on Thursday, one day after the Dow Jones Industrial Average hit a new record, as the U.S. government formally certified that President-elect Joe Biden will become the nation's 46th commander in chief.<\/p>\n
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Dow Jones Industrial Average futures rose 56 points, a gain of 0.2%, while the tech-heavy Nasdaq rose 0.5%, after Wednesday's sell-off. The broader S&P 500 also climbed, rising 0.3%.<\/p>\n
Ticker<\/th>\n | Security<\/th>\n | Last<\/th>\n | Change<\/th>\n | Change %<\/th>\n<\/tr>\n<\/thead>\n | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
I:DJI<\/td>\n | DOW JONES AVERAGES<\/td>\n | 30829.4<\/td>\n | +437.80<\/td>\n | +1.44%<\/td>\n<\/tr>\n | ||||||||||||
I:COMP<\/td>\n | NASDAQ COMPOSITE INDEX<\/td>\n | 12740.793892<\/td>\n | -78.17<\/td>\n | -0.61%<\/td>\n<\/tr>\n | ||||||||||||
SP500<\/td>\n | S&P 500<\/td>\n | 3748.14<\/td>\n | +21.28<\/td>\n | +0.57%<\/td>\n<\/tr>\n | ||||||||||||
Powered by<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n European indexes also rose, with the Euro STOXX climbing 0.3%, while the German DAX and French CAC 40 gained 0.4% and 0.6%, respectively.<\/p>\n DOW HITS NEW RECORD AS BANKS RALLY, OFFSETTING NASDAQ DECLINE<\/strong><\/p>\n SOCIAL MEDIA IN PLAY<\/strong><\/p>\n Social media stocks Twitter and Facebook may see outsized attention on Thursday after both platforms, along with Facebook-owned Instagram, suspended President Trump's account on Wednesday.<\/p>\n Twitter's move came after the social media giant removed a video the president tweeted, in which he told protesters who had stormed the Capitol to "go home," while maintaining that the 2020 election had been "stolen."<\/p>\n ECONOMIC REPORTS IN THE SPOTLIGHT<\/strong><\/p>\n A number of economic reports will be released on Thursday, including further looks at trade and the unemployment picture in the country, amid the coronavirus pandemic.<\/p>\n Both the trade balance for November and initial jobless claims will be released before the market opens. Economists surveyed by Refinitiv are expecting a shortfall of $65.2 billion on trade, while a further 800,000 people are expected to file initial jobless claims for the week ending Dec. 26.<\/p>\n On Wednesday, ADP said the U.S. lost 123,000 jobs in December, compared to expectations for a gain of 88,000, as the pandemic continues to ravage the economy.<\/p>\n Other key economic reports to be released on Thursday include ISM Non-Manufacturing Index and the weekly natural gas inventory report.<\/p>\n BITCOIN CAN HIT SIX FIGURES, SAYS JPMORGAN — BUT THERE'S A CATCH<\/strong><\/p>\n In other asset classes, bitcoin surged past the $37,000 level in morning trading.<\/p>\n Oil and gold also rose, with West Texas Intermediate crude oil climbing back above the $50-per-barrel level, while gold hit $1,917.10 an ounce.<\/p>\n GET FOX BUSINESS ON THE GO BY CLICKING HERE<\/strong><\/p>\n Fox News' Brooke Singman contributed to this story.<\/em><\/p>\n |