Chill Crow News
  • Home
  • News

    Trending Tags

      • Business
      • Politics
      • World
    • Entertainment

      Why Teen Mother’s Catelynn Lowell and Tyler Baltierra “By no means Remorse” Inserting Carly for Adoption – E! On-line

      Jerry Seinfeld Speaks Out as Notorious Larry King Interview Resurfaces After His Loss of life – E! On-line

      Raz B: Marques Houston Is A Creep!!

      JoJo Siwa Responds to Web Troll Who Posted Hateful Remark About Her Coming Out – E! On-line

      The Bachelor Added 5 New Contestants and Issues Went South Quick – E! On-line

      Cuteness Overload! Floyd Mayweather Watches Soccer With His New Grandson

      Ohio Legislator Who Questioned Black Hygiene To Lead Well being Panel

      Trending Tags

      • Tech

        What to Anticipate From Intel’s eleventh Era Rocket Lake

        The 7 Planets of TRAPPIST-1 Have Surprisingly Comparable Properties

        Here’s what is new and adjusted in Firefox 85.0

        Patrick Grove information to boost $250m by blank-check agency

        Ex-Singtel, Fb execs again influencer company Gushcloud

        Edtech’s bought some soul-searching to do

        Malaysian e-fulfullment startup lands $5.5m in Gobi-led spherical

        Trending Tags

        • Covid-19
        • About
        Tuesday, January 26, 2021
        No Result
        View All Result
        • Home
        • News

          Trending Tags

            • Business
            • Politics
            • World
          • Entertainment

            Why Teen Mother’s Catelynn Lowell and Tyler Baltierra “By no means Remorse” Inserting Carly for Adoption – E! On-line

            Jerry Seinfeld Speaks Out as Notorious Larry King Interview Resurfaces After His Loss of life – E! On-line

            Raz B: Marques Houston Is A Creep!!

            JoJo Siwa Responds to Web Troll Who Posted Hateful Remark About Her Coming Out – E! On-line

            The Bachelor Added 5 New Contestants and Issues Went South Quick – E! On-line

            Cuteness Overload! Floyd Mayweather Watches Soccer With His New Grandson

            Ohio Legislator Who Questioned Black Hygiene To Lead Well being Panel

            Trending Tags

            • Tech

              What to Anticipate From Intel’s eleventh Era Rocket Lake

              The 7 Planets of TRAPPIST-1 Have Surprisingly Comparable Properties

              Here’s what is new and adjusted in Firefox 85.0

              Patrick Grove information to boost $250m by blank-check agency

              Ex-Singtel, Fb execs again influencer company Gushcloud

              Edtech’s bought some soul-searching to do

              Malaysian e-fulfullment startup lands $5.5m in Gobi-led spherical

              Trending Tags

              • Covid-19
              • About
              No Result
              View All Result
              Chill Crow News
              No Result
              View All Result
              Home Business

              Shares tick up forward of Georgia runoff election outcomes

              admin by admin
              January 5, 2021
              in Business
              0
              0
              SHARES
              0
              VIEWS
              Share on FacebookShare on Twitter


              Stocks were slightly higher Tuesday morning as investors awaited results from the Georgia Senate runoff elections and nervously eyed worsening COVID-19 trends in the U.S. and abroad.

              The Dow ticked up to steady after dropping 1.25% on Monday for its worst start to a year since 2016. The S&P 500 and Nasdaq were also marginally higher.

              Traders are closely watching developments around Georgia’s Senate runoffs, with these elections set to determine control over the chamber and the balance of power in Congress. So far, investors have largely assumed that Republicans will maintain control of the Senate, albeit with a very narrow majority, given the party’s recent tendency to win Senate seats especially in off-cycle elections. Still, polls so far have shown a razor thin lead for both Democratic candidates. Voting for the elections ends on Tuesday.

              Georgia aside, Republicans so far have 50 seats in the Senate to Democrats’ 48, meaning that a Democratic sweep of both seats in the state would give them a majority, since Vice President-elect Kamala Harris would be able to cast tie-breaking votes.

              Under a Republican-controlled Congress, President-elect Joe Biden would have limited latitude to advance many of his campaign promises, including raising corporate taxes and minimum wages, and unveiling reforms around education, housing and climate change, which could all impact various pockets of the markets. But under a unified Democratic government, a larger additional stimulus package that could further boost the economy in the near-term might transpire.

              “[A Senate with a Democratic majority] would lead to greater fiscal stimulus — we would expect around $600bn more on top of the recently enacted $900bn — but would also likely mean tax increases to finance additional spending,” Goldman Sachs economists led by Jan Hatzius said in a note Tuesday. “Regarding the latter, we would expect that an evenly divided Senate would approve only a fraction of the tax increases the Biden campaign proposed.”

              For markets, Oppenheimer strategist John Stoltzfus said in a note Monday he believed a Democratic sweep in Georgia could spark an as much as 10% decline in the S&P 500 from year-end closing prices.

              Meanwhile, concerns around COVID-19 picked back up as cases resurged after a holiday lull. The average daily new cases reported across the country over the past seven days totaled more than 210,000, according to data from the New York Times, bringing the total number of infections in the U.S. to nearly 21 million.

              The rollout of the COVID-19 vaccine has so far only trudged along. Though 15.4 million doses of the vaccines had been delivered to states as of Monday morning, just over 4.5 million initial doses had been administered. Still, Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, suggested the U.S. would be able to ramp up vaccinations to 1 million per day in the next few months.

              In the U.K., Prime Minister Boris Johnson ordered the whole country to return to a third lockdown through at least mid-February in an attempt to bring the unbridled spread of COVID-19 as well as the new variant under control. The new variant of the coronavirus originally found in the U.K. was also identified for the first time in New York, Governor Andrew Cuomo confirmed Monday, with the state joining California, Colorado and Florida in having a confirmed case of the more contagious version of the virus.

              —

              10:00 a.m. ET: Manufacturing sector expands at fastest rate in two years: ISM

              Activity in the U.S. manufacturing sector expanded for an eighth straight month and at the fastest pace since 2018, the Institute for Supply Management (ISM) reported Tuesday, in a testament to the rebound in the goods-producing industries in the economy.

              ISM’s manufacturing purchasing managers’ index (PMI) rose to 60.7 in December from 57.5 in November, topping estimates for a rise to 56.8, according to Bloomberg data. Readings above the neutral level of 50.0 indicate expansion of a sector.

              “The manufacturing economy continued its recovery in December,” Timothy Fiore, chair of ISM’s Manufacturing Business Survey Committee, said in a statement. “Survey Committee members reported that their companies and suppliers continue to operate in reconfigured factories, but absenteeism, short-term shutdowns to sanitize facilities and difficulties in returning and hiring workers are causing strains that are limiting manufacturing growth potential. However, panel sentiment remains optimistic (three positive comments for every cautious comment), an improvement compared to November.”

              —

              9:30 a.m. ET: Stocks open mostly higher

              Here were the main moves in markets, as of 9:30 a.m. ET:

              • S&P 500 (^GSPC): +0.78 points (+0.02%) to 3,701.43

              • Dow (^DJI): +26.77 points (+0.09%) to 30,250.66

              • Nasdaq (^IXIC): -9.38 points (-0.09%) to 12,688.06

              • Crude (CL=F): +$1.18 (+2.48%) to $48.80 a barrel

              • Gold (GC=F): +$8.90 (+0.46%) to $1,955.50 per ounce

              • 10-year Treasury (^TNX): +1.6 bps to yield 0.933%

              —

              8:33 a.m. ET: ‘Time to avoid the WFH stocks’: Jefferies

              The stay-at-home stocks that surged in 2020 are unlikely to have another year of outperformance in 2021 as long as the vaccine roll-out continues roughly according to plan and stay-in-place restrictions are gradually lifted, according to Jefferies equity strategist Sean Darby.

              “As the vaccines get rolled out, it will be the speed of inoculation that will become critical for markets,” Darby said in a note Tuesday. “If successful, the unloved parts of the equity market will be refranchised in 2021 while laggard bourses will enjoy ‘the first being last and the last being first’. Time to avoid the WFH [work-from-home] stocks.”

              Last year, shares of companies with business models conducive to people working and going to school from home rallied strongly. Shares of Zoom (ZM) rose nearly 400%, Peloton (PTON) rose 430%, Etsy (ETSY) jumped 300% and Teledoc (TDOC) more than doubled. Aside from Zoom, each of these stocks underperformed the market on Monday with declines of more than 3% each.

              —

              7:20 a.m. ET Tuesday: Stock futures drift ahead of Georgia elections

              Here were the main moves in markets, as of 7:20 a.m. ET Tuesday:

              • S&P 500 futures (ES=F): 3,690.5, down 1.75 points or 0.05%

              • Dow futures (YM=F): 30,081.00, down 23 points or 0.04%

              • Nasdaq futures (NQ=F): 12,637.50, down 12 points or 0.09%

              • Crude (CL=F): +$0.90 (+1.89%) to $48.52 a barrel

              • Gold (GC=F): +$6.50 (+0.33%) to $1,953.10 per ounce

              • 10-year Treasury (^TNX): +1.5 bps to yield 0.932%

              —

              6:13 p.m. ET Monday: Stock futures tick down after selloff

              Here were the main moves in markets, as of 6:13 p.m. ET Monday:

              • S&P 500 futures (ES=F): 3,690.5, down 1.75 points or 0.05%

              • Dow futures (YM=F): 30,081.00, down 23 points or 0.04%

              • Nasdaq futures (NQ=F): 12,637.50, down 12 points or 0.09%

              The delivery worker from Amazon’s Fresh Direct passes the New York Stock Exchange (NYSE) on April 20, 2020 at Wall Street in New York City. – Wall Street opened lower on Monday as traders grappled with a drop in oil prices to 22-year lows as the coronavirus pandemic sapped demand for energy. The Dow Jones Industrial Average was down 1.8 percent to 23,798.01 about 10 minutes into the trading session.The broad-based S&P 500 had declined 1.3 percent to 2,835.08, while the tech-rich Nasdaq had fallen 0.7 percent to 8,588.66. (Photo by Johannes EISELE / AFP) (Photo by JOHANNES EISELE/AFP via Getty Images)

              —

              Follow Yahoo Finance on Twitter, Facebook, Instagram, Flipboard, LinkedIn, and reddit.

              Find live stock market quotes and the latest business and finance news

              For tutorials and information on investing and trading stocks, check out Cashay



              Previous Post

              US pharmacist who tried to damage Covid vaccine doses is a conspiracy theorist, police say | US information

              Next Post

              Graphic Video Of Rapper Yella Beezy Leaks; ‘Swinging’ & ‘Swaying’! (Vid)

              Next Post

              Graphic Video Of Rapper Yella Beezy Leaks; 'Swinging' & 'Swaying'! (Vid)

              Leave a Reply Cancel reply

              Your email address will not be published. Required fields are marked *

              Better of BS Opinion: Appropriate course on tariffs, regulating NBFCs, and extra

              January 25, 2021
              11 Chinese language miners saved as rescuers race to search out remaining 10

              11 Chinese language miners saved as rescuers race to search out remaining 10

              January 24, 2021
              The Ultimate Curtain

              The Ultimate Curtain

              January 10, 2021

              Sensex ends at day’s low, sinks 470 pts; Nifty beneath 14,300; metals crack

              January 18, 2021

              Edtech must do some soul-searching because it powers forward

              January 25, 2021
              US blacklists China’s CNOOC, S&P deletes from inventory indices

              US blacklists China’s CNOOC, S&P deletes from inventory indices

              January 14, 2021

              UBS Group could pour $400m into Ant Group-backed Paytm, sources say

              January 15, 2021

              2000s Rapper Weird From D12 Suffers Stroke; Rushed To Hospital!

              January 20, 2021

              The 7 Planets of TRAPPIST-1 Have Surprisingly Comparable Properties

              January 26, 2021

              Brazil’s well being company approves the usage of two vaccines

              January 18, 2021

              AMC shares soar 36% premarket on information of recent $917 million debt and fairness financing

              January 25, 2021

              UK chief medical officers defend delay between Covid-19 vaccine doses

              January 2, 2021

              Covid reside information: Johnson says he’s ‘reconciled’ to prospect of tighter restrictions quickly; South Korea says it’s containing third wave | World information

              January 3, 2021

              Bobi Wine: Uganda courtroom orders launch from home arrest

              January 25, 2021

              Samsung Might Construct $10B Foundry in Austin, Texas

              January 22, 2021

              Hottest front-room seats: one of the best theatre and dance to observe on-line | Stage

              January 9, 2021
              Chill Crow News

              We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc. Check our landing page for details.

              Categories

              • Business
              • Covid-19
              • Entertainment
              • Politics
              • Tech
              • World

              Recent News

              Moderna says its Covid-19 vaccine demonstrates ‘neutralising affect’ on new variants

              Moderna says its Covid-19 vaccine demonstrates ‘neutralising affect’ on new variants

              January 26, 2021

              Etsy inventory surges after Musk tweets ‘he kinda loves’ e-commerce firm

              January 26, 2021

              © 2020 Chill Crow News - All rights reserved by Chill Crow News.

              No Result
              View All Result
              • Home
              • Entertainment
                • Sports
              • News
                • Politics
                • World
              • Tech

              © 2020 Chill Crow News - All rights reserved by Chill Crow News.