Facebook: paradise lost?
The US authorities filed a lawsuit against Facebook - what are the implications?
First close above 26,000 is reported by Dow
The blue-chip Dow managed to earn 1.3% closing at 26,115.65. It took place eight trading sessions after overleaping the 25,000 level with firm showings from IBM, Boeing and Intel.
The S&P 500 rallied 0.9% concluding at 2,802.56, the tech-heavy Nasdaq acquired one point settling at 7,298.28.
Wall Street generally grew, with investor enthusiasm pushing all three key stock indices to record concluding peaks and helping the Dow to overleap 26,000 points.
With 11 trading days so far this year, Wednesday’s trading session marked the seventh time in 2018 all three crucial indices concluded at all-time maximums.
IBM earned 2.9% after market experts upgraded their price target for the high tech giant’s stock, and chip producer Intel lifted a similar amount. Meanwhile, aviation giant Boeing inched up 4.7% having announced a joint venture to manufacture aircraft seats.
Meanwhile, Exxon Mobil added 1.2%, ConocoPhillips soared 1.7%, while both Royal Dutch Shell and Chevron gained 0.3%.
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Poor US data, slow vaccine distribution, rising virus cases worsened the market sentiment and underpinned safe-haven currencies like the USD, and JPY.
ECB report is in focus
The European Central Bank will publish the monetary policy statement with the interest rate decision on January 21, at 14:45 MT time.
Markets await Biden to unveil "trillions dollars"
Joe Biden is going to unveil a Covid-19 relief package of about $2 trillion. After this announcement, the 10-year Treasury yield rose, adding support for the USD.
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