Here are five things you need to know for Monday, December 28:
1. – Stock futures rise as Trump’s stimulus bill is signed
Share futures soared on Monday after President Donald Trump signed a joint 2. 2.3 trillion coronavirus relief and government funding package, scrutinizing સહાય 2,000 aid and shutting down the government.
The Dow Jones Industrial Average was up 153 points, the S&P 500 futures were up 26 points and the Nasdaq futures were up 107 points.
Trump delayed signing the bill, suggesting that if the stimulus test is not raised from the 600 600 approved by Congress last week to 2,000 raised, and if spending is not increased, it will block it.
But by delaying signing, nearly 14 million Americans lost a week of extended unemployment benefits.
The massive bill includes 900 900 billion in epidemic relief and સરકારી 1.4 trillion in government spending to fund federal agencies by the end of next fiscal year.
Credit Suisse strategist Suresh Tantia told Bloomberg that the stimulus “could be a market supporter and a supporter of the US economy.” “The markets have all the building blocks to continue this rally next year.”
The S&P 500 is up about 15% in 2020. The S&P 500 was up 0.36% in the last trading session before Christmas on Thursday, the Dow was up 0.23% and the Nasdaq was up 0.26%.
2. – Coronavirus – Latest
According to Johns Hopkins University, the number of confirmed deaths from Covid-19 to Convidrus has risen to about 1.77 million. The number of confirmed cases of the virus has increased to … million million worldwide.
The U.S. death toll is 333,129, the highest in the world. U.S. The number of infected people in was 19,136,158.
As of Sunday, the U.S. There were 226,274 new coronavirus cases and 1,663 people died, according to university figures.
A Bloomberg report states that in the state, 0,111 cases have been registered in California hospitals. The total death toll in California has reached 24,220.
Covid-19 vaccine made by AstraZeneca (AZN) – Get the report Bloomberg reports that citing a person familiar with the matter, Oxford University could be approved by the United Kingdom earlier this week.
The approval comes almost three weeks after the UK became the first Western country to start vaccinating its citizens with the Covid-19 vaccine, created by Fight Pizer PFE and Bayonet Tech BNTX.
AstraZeneca CEO Pascal Soriot said on Sunday that researchers believe the shots obtained from a British drugmaker would be effective against a new type of virus that has rapidly raised infection rates in Britain.
-. – China orders ant group to keep an eye on its business
US listed shares of Alibaba (Baba) – Get the report China’s pre-market trading fell more than 1% on Monday after Chinese regulators ordered Ant Ant Group to cancel its lending and other consumer financial operations.
Alibaba has a 33% stake in Ant Group, the world’s largest financial technology company.
The announcement from People’s Bank of China comes just days after it launched an anti-monopoly investigation into e-commerce giant Alibaba. It also followed last month’s suspension of the Shanghai Stock Exchange for the rest of Ant Group’s $ 2 billion listing list, which will be the world’s largest initial public offering.
Regulators said in a statement on Sunday that they have instructed the Ant Group to implement a timetable for the reshuffle of its businesses, including its lending, insurance and asset management services.
American Depository Receipts fell 1.24% to બા 219.25 in Alibaba’s premarket trading. ADR fell more than 13% on Thursday following news of an anti-monopoly investigation.
– – Bitcoin smashes by 28,000, 000
Bitcoin reached over $ 28,000 early Sunday, and has been called the highest in recent days as institutional investors and speculators have jumped on the world’s largest cryptocurrency.
According to Coindesk, Bitcoin crossed 25,000 dollars on Friday night, and then ran the previous 26,000 dollars and 27,000 dollars over the weekend. At the time of the last investigation, Bitcoin traded at 26,989.
Bloomberg notes that Bitcoin’s outsourced returns in October, November and December are the longest stretch since mid-2019.
On December 16, Bitcoin crossed 20,000 for the first time.
Many experts believe that there is more to Bitcoin – some expect it to trade above 30,000. But if investors and speculators lose faith in the digital currency, it could easily sink in February and March and from December 2017 to December 2018.
5. – This week’s economic calendar
The U.S. economic calendar is lighter on Monday, but data on home sales, jobless claims and trade will be released weeks later.
Very few companies will release earnings reports this week. That would include Cena (Cena) – Get the report, Weibo (WB) – Get the report And CSP Inc. (CSPI) – Get the report.
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