Major indices on New York stock exchanges fell on Thursday as investors awaited the U.S. president Joe Biden inauguration and the stimulus package he is planning to support an economy ravaged by a coronary pandemic.
The number of unemployment applications filed last week rose to its highest level since last August. Due to the corona pandemic, many businesses have had to close their doors, causing many Americans to lose their jobs.
In the United States, 965,000 new claims for unemployment benefits were filed last week, compared to a median of 789,000 claims collected by news agency Bloomberg. In the week before last week, 784,000 claims were claimed.
Biden is scheduled to unveil his recovery plan tonight during the U.S. East Coast time, including information on how much direct recovery aid will be paid to citizens. To date, policymakers have agreed on $ 600 in stimulus support for citizens and U.S.-resident taxpayers.
Implementing the recovery is now easier for Democrats than before, as the party has a majority in Congress once the outcome of Georgia’s Senate election is confirmed. According to news agency Reuters, Biden is expected to announce a recovery plan that could potentially exceed $ 1.5 trillion.
“Decision-makers need to be able to help the most deprived in some way to normalize the situation,” says Chief Investment Officer. Larry Adam finance company From Raymond James commented to Marketwatch.
“Despite weak unemployment figures, the market seems to be seeing light at the end of the tunnel, even though corona vaccinations have not progressed as expected,” the strategist Mike Loewengart investment service E-Trade Financialilta commented to Marketwatch.
Teslan The stock fell 1.1 percent when the U.S. Transportation Safety Authority asked Tesla to withdraw 158,000 cars from the market for repair because they may have defects that may prevent the car ‘s touch screens from working. This can lead to security risks.
The Dow Jones index fell 0.2 percent, the S&P 500 index fell 0.4 percent and the Nasdaq index fell 0.1 percent.
The 10-year interest rate on U.S. government debt was quoted at 1.128 percent after the stock market closed. One euro received $ 1.2156.
Source: Arvopaperi by www.arvopaperi.fi.
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