Todd \u2018Bubba\u2019 Horwitz of the Bubba Trading Show shares his investing advice for the coming months after a tumultuous January for markets. <\/p>\n
U.S. equity futures are trading higher following a broad rally on Wall Street.<\/p>\n
Continue Reading Below<\/p>\n
The major futures indexes suggest a gain of 0.4% when the Wednesday session begins.<\/p>\n
GET FOX BUSINESS ON THE GO BY CLICKING HERE<\/strong><\/p>\n With Democrats and Republicans remaining far apart on support for President Biden's $1.9 trillion stimulus package, investors are betting that the administration will opt for a reconciliation process to get the legislation through Congress.<\/p>\n Traders will get the first of this week's labor-related reports with ADP's report on private sector hiring. Economists are looking for a gain of 49,000 jobs, an improvement from the 123,000 jobs lost in December.<\/p>\n Also, we’ll get the Institute for Supply Management’s non-manufacturing PMI for January. Expansion in the services sector is expected to cool slightly to a reading of 56.8 after December’s much higher-than-expected reading of 57.2. A reading above 50 indicates expansion.<\/p>\n In Asia, Tokyo's Nikkei 225 rose 1%, the Hang Seng in Hong Kong added 0.2% and China's Shanghai Composite index fell 0.5%.<\/p>\n Amazon founder Jeff Bezos revealed plans Tuesday to step down as CEO of the e-commerce giant later in 2021.<\/p>\n Amazon announced its transition plan alongside fourth-quarter earnings results. The company generated $125.6 billion in quarterly revenue, marking the first time its results surpassed the $100 billion sales threshold in a single quarter.<\/p>\n Shares in GameStop and other recent high-flying stocks hyped by online traders plunged. The stocks have been caught up in a speculative frenzy by traders in online forums and on social media who seek to inflict damage on Wall Street hedge funds that have bet these stocks would fall.<\/p>\n GameStop plunged 60% to $90 a share, and AMC Entertainment lost 41.2% to $7.82 a share.<\/p>\n The S&P 500 index rose 1.4% to 3,826.31. The Dow Jones Industrial Average gained 1.6%, to 30,687.48. The tech-heavy Nasdaq composite climbed 1.6%, to 13,612.78.<\/p>\n After the bell, Alphabet’s quarterly profit rose 43% to $15.2 billion, or $22.30 per share, compared with the average estimate of $10.895 billion, or $15.95 per share. Shares jumped 6% in after-hours trading.<\/p>\n\n\n
\n \nTicker<\/th>\n Security<\/th>\n Last<\/th>\n Change<\/th>\n Change %<\/th>\n<\/tr>\n<\/thead>\n \n AMZN<\/td>\n AMAZON.COM INC.<\/td>\n 3,380.00<\/td>\n +37.12<\/td>\n +1.11%<\/td>\n<\/tr>\n \n Powered by<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n \n\n
\n \nTicker<\/th>\n Security<\/th>\n Last<\/th>\n Change<\/th>\n Change %<\/th>\n<\/tr>\n<\/thead>\n \n GME<\/td>\n GAMESTOP CORP<\/td>\n 90.00<\/td>\n -135.00<\/td>\n -60.00%<\/td>\n<\/tr>\n \n AMC<\/td>\n AMC ENTERTAINMENT HOLDINGS INC<\/td>\n 7.82<\/td>\n -5.48<\/td>\n -41.20%<\/td>\n<\/tr>\n \n Powered by<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n \n\n
\n \nTicker<\/th>\n Security<\/th>\n Last<\/th>\n Change<\/th>\n Change %<\/th>\n<\/tr>\n<\/thead>\n \n I:DJI<\/td>\n DOW JONES AVERAGES<\/td>\n 30687.48<\/td>\n +475.57<\/td>\n +1.57%<\/td>\n<\/tr>\n \n SP500<\/td>\n S&P 500<\/td>\n 3826.31<\/td>\n +52.45<\/td>\n +1.39%<\/td>\n<\/tr>\n \n I:COMP<\/td>\n NASDAQ COMPOSITE INDEX<\/td>\n 13612.777089<\/td>\n +209.38<\/td>\n +1.56%<\/td>\n<\/tr>\n \n Powered by<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n