Investors were licking their chops ahead of a potentially big Covid stimulus announcement from President-elect Joe Biden on Thursday.
 | THU, JAN 14, 2021 | | | | DOW | | NAME | LAST | CHG | %CHG | | AAPL | 128.91 | -1.98 | -1.51% | | INTC | 59.25 | +2.30 | +4.04% | | KO | 49.23 | -0.93 | -1.85% | |
| | S&P 500 | | NAME | LAST | CHG | %CHG | | F | 10.17 | +0.39 | +3.99% | | AAPL | 128.91 | -1.98 | -1.51% | | AAL | 16.44 | +0.91 | +5.86% | |
| | NASDAQ | | NAME | LAST | CHG | %CHG | | AAPL | 128.91 | -1.98 | -1.51% | | INTC | 59.25 | +2.30 | +4.04% | | AMD | 90.79 | -0.99 | -1.08% | |
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Investors held their breath on Thursday ahead of a potentially big Covid stimulus announcement from President-elect Joe Biden. The Dow Jones Industrial Average fell 68 points, or 0.2%. The Nasdaq Composite closed 0.1% lower, easing from an all-time high reached earlier in the day. The S&P 500 lost 0.4%. Later in the day, Biden is expected to unveil a government aid plan that will include a boost to the recent $600 direct payments, an extension of increased unemployment insurance, and support for state and local governments. According to one report, the package could be as big as $2 trillion.  Adam Crisafulli, founder of Vital Knowledge, wrote that $2 trillion for a stimulus package is "about inline w/expectations," noting the market has been rallying recently "thanks to ongoing stability in the 'three pillars' (stimulus, vaccines, and earnings)." Expectations for more fiscal aid rose earlier this month after Democrats secured a slim majority in the U.S. Senate. This, coupled with the rollout of multiple coronavirus vaccines in the U.S., has raised hope for a quick economic recovery. Catch The News with Shepard Smith at 7 p.m. ET on CNBC. The nightly newscast provides deep, non-partisan coverage and perspective on the day's most important stories. |
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