Jason Katz, managing director and senior portfolio manager at UBS, discusses the prospect of a Democrat Senate victory in Georgia and what it could mean for capital gains and taxes on financial transactions.
U.S. equity futures are on the rise as second vaccine approvals join the fight against coronavirus.
The main futures index indicates a 0.3% increase when trading begins on Wall Street.
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Britain on Wednesday became the first country in the world to approve a coronavirus vaccine developed by Oxford University and AstraZeneca as it fights a major winter battle with the new, highly contagious virus.
On the economic document, December for Supply Management came out with an index of its Chicago Purchasing Managers in December. A closely watched gauge of Midwest business activity is expected to plunge for the third month in a row, from .3 in November. Remember that 50 is the dividing line between expansion and contraction.
The National Association of Realtors is out with its index of outstanding sales for the month of November. Economists expect no change from the October reading of 128.9. In that regard, the August level was at a record high of 132.9. The sale is pending while the previous owner has signed a home purchase agreement and is awaiting closure.
In Europe, London’s FTSE rose 0.2%, Germany’s DAX rose 0.1% and France’s CAC rose 0.1%.
In Asia, Japan’s Nikkei 225 fell 0.5% to 27,444.17, a day later, when it reached a 30-year high of more than 2%. Japanese markets will be closed on Thursday through the weekend, reopening on January 4th.
Hong Kong’s Hang Seng rose 2.2%, while China’s Shanghai Composite Index rose 1.1%.
The S&P 500 lost 0.2% on Tuesday, a day after key indicators hit their latest high notch after President Trump signed a 900 900 billion economic relief package.
| Ticker | Security | The last | Change | Change% |
|---|---|---|---|---|
| Me: DJI | Dow Jones average | 30335.67 | -68.30 | -0.22% |
| SP500 | S&P 500 | 3727.04 | -8.32 | -0.22% |
| I: Comp | Nasdaq Composite Index | 12850.221074 | -49.20 | -0.38% |
Trump’s attempt to grow in the CO2ID-19 relief investigation for individuals in the Republican-led Senate. For now, the aid 600 check is set to be delivered along with another aid package, one of the largest rescue packages of its kind.
The S&P 500 fell 8.32 points to close at 3,727.04. The Dow Jones Industrial Average fell 0.2% to 30,335.67. The tech-heavy Nasdaq slipped 0.4%, to 12,850.22.
With two days of trading remaining in 2020, the S&P 500 is up 15.4% this year, while the Nasdaq is up 43.2%.
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U.S. The benchmark crude oil traded up 33 cents at the New York Mercantile Exchange, up 33 cents. It raised 38 cents per barrel to .00 48.00 on Tuesday. Internationally, Brent crude rose 25 cents to 51.34 a barrel.
The Associated Press contributes to this report.
