Jason Katz, managing director and chief conservative director at UBS, discusses the possibility of a Democratic victory in the Georgia Senate and what that might mean for taxes on capital gains and financial transactions.
US Equity Futures Acquires approval of another vaccine in the fight against Corona Virus.
The major futures indices point to an increase of 0.3% when trading begins on Wall Street.
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Britain on Wednesday became the first country in the world to agree to a Corona Virus A vaccine developed by Oxford University and AstraZeneca At a time when it is fighting a significant increase in the winter driven by a new highly contagious type of virus, Reuters reported.
In terms of the economic calendar, the Institute of Supply Management comes out with the Chicago PMI for December. The closely watched Midwest business activity gauge is expected to decline for the third month in a row to a reading of 57, down from 58.2 in November. Remember, 50 is the line between expansion and contraction.
The National Association of Realtors releases its pending home sales index for November. Economists are expecting no change from October’s reading of 128.9. For context, the August 132.9 level was the highest ever. The sale is pending when a contract to purchase a pre-owned home has been signed and is awaiting closing.
In Europe, the FTSE in London is up 0.2%, the German DAX is up 0.1%, and the French CAC is up 0.1%.
In Asia, the Japanese Nikkei 225 Index fell 0.5% to 27444.17, a day after it rose more than 2% to its highest level in more than 30 years. Japanese markets will be closed Thursday through the end of the week, and reopen January 4th.
The Hang Seng in Hong Kong is up 2.2%, while the Chinese Shanghai Composite Index is up 1.1%.
The S&P 500 lost 0.2% on Tuesday, a day after major indices hit all-time highs after President Trump signed the $ 900 billion economic relief package.
| ribbon | Safety | the last | They change | They change% |
|---|---|---|---|---|
| I am: DJI | Dow Jones averages | 30335.67 | -68.30 | -0.22% |
| SP500 | Standard & Poor’s 500 | 3727.04 | -8.32 | -0.22% |
| I: COMP | Nasdaq Composite Index | 12850.221074 | -49.20 | -0.38% |
An attempt by Trump to grow up, $ 2,000 for Covid-19 Disease Relief Checks stopped for individuals in the Republican-led Senate. Currently, $ 600 checks are due to be delivered, along with other aid, in one of the largest rescue packages of its kind.
The S&P 500 fell 8.32 points to 3,727.04. The Dow Jones Industrial Average fell 0.2% to 30,335.67. The tech Nasdaq fell 0.4% to 12,850.22.
With two trading days left in 2020, the S&P 500 is up 15.4% this year, while the Nasdaq is up 43.2%.
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Standard US crude oil rose 33 cents to $ 48.33 a barrel in electronic trading on the New York Mercantile Exchange. It rose 38 cents to $ 48.00 a barrel on Tuesday. Brent crude, the international benchmark, added 25 cents to $ 51.34 a barrel.
The Associated Press contributed to this report.
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