Read the story here. Advertise at Before It's News here.
Profile image
By ProactiveInvestors (Reporter)
Contributor profile | More stories
Story Views
Last hour:
Last 24 hours:

Wall Street to start on bullish note amid stimulus hopes

% of readers think this story is Fact. Add your two cents.

Wall Street is set to start in a bullish mood on Monday as traders have an extra spring in their step thanks to hopes about President Biden’s stimulus package.

Just under two hours ahead of the opening bell, the main US stock indices are all seen rising, meaning new all-time highs could be notched up.

Spread-betters IG expect the Dow Jones Industrial Average to start up 126 points, while the S&P 500 is forecast to rise 12.5 points and the Nasdaq is predicted to jump 48 points.

“The reflation trade continues at the start of the new week, on expectations of more US stimulus, ongoing central bank support, and of course hopes that the ongoing COVID vaccine roll outs will reduce infections further and hopefully economies will re-open again in the not-too-distant future,” said market analyst Fawad Razaqzada at ThinkMarkets.

“So, stocks remain on the front-foot with many global indices hitting records or multi-year highs, and Brent Crude Oil has climbed above $60 a barrel for this first time in more than a year on hopes over stronger recovery in demand”, he added.

Five things to watch for on Monday:

  • Companies that may be of interest in the earnings diary include video game developer Take-Two Interactive Software Inc (NASDAQ:TTWO), education technology group Chegg Inc (NYSE:CHGG) and investment firm Loews Corp (NYSE:L)
  • Meanwhile, shares in board game and toy maker Hasbro Inc (NASDAQ:HAS) will be in focus after the company reported earnings data that saw both profits and revenues beat expectations
  • Casino operator Wynn Resorts Ltd (NASDAQ:WYNN) may also be eyed after it announced plans for a public share offering that could be worth just over US$640 million
  • Oil prices are also an area of attention after prices of a barrel of Brent crude surpassed US$60 for the first time in over a year
  • On the macro front, things are relatively quiet, however US consumer inflation expectations for January may attract some interest

Story by ProactiveInvestors


Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!

Order by Phone at 888-809-8385 or online at M - F 9am to 5pm EST

Order by Phone at 888-388-7003 or online at M - F 9am to 5pm EST

Order by Phone at 888-388-7003 or online at M - F 9am to 5pm EST

Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen! 
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover -  Reduces Smart Meter radiation by 96%!  (See Video)

Immusist Beverage Concentrate - Proprietary blend, formulated to reduce inflammation while hydrating and oxygenating the cells.

Report abuse


    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    Load more ...




    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.