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

Wall Street to head higher as markets eye fresh stimulus

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


Wall Street futures are pointing at a green open as Joe Biden is expecting to finally see his US$1.9 trillion stimulus package passed through the House of Representatives later on Wednesday.

“While traders have been looking for this package as means to turbocharge the US economic recovery, there are plenty of questions over the impact it could have upon inflation,” commented Joshua Mahony, analyst at IG.

“Inflation expectations have already been soaring in the US, and the passing of this huge stimulus package adds further fuel to the fire. While Powell will try to soothe concerns that the Fed will need to tighten policy in the event of rising prices, the key questions is whether this package will accelerate the widespread expectations for a significant bounce in 2021 inflation levels.”

In a busy day for markets, Bumble Inc. (NASDAQ:BMBL) is set to release its first results after the Valentine’s Day IPO, same as Reddit darling AMC Entertainment Holdings Inc (NYSE:AMC).

Four things to watch for on Wednesday:

  • Notable earnings for Wednesday include computing firm Oracle Corp (NYSE:ORCL) and food firm Campbell Soup Co (NYSE:CPB)
  • Shares in General Electric Co (NYSE:GE) will also be in focus after the conglomerate agreed to merge its aircraft leasing unit with its rival AerCap in a deal worth around US$30bn
  • Pfizer Inc (NYSE:PFE) could also draw attention following news that the EU Commission said the company and its partner BioNTech will supply 4mln more doses of its coronavirus vaccine
  • On the macro front, US inflation data will be the big news, while a monthly budget statement could also draw some eyes as the US House of Representatives prepares to vote on the stimulus package

Story by ProactiveInvestors



Source: http://www.proactiveinvestors.com/companies/news/943480/wall-street-to-head-higher-as-markets-eye-fresh-stimulus-943480.html


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 https://mitocopper.com M - F 9am to 5pm EST

Order by Phone at 888-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST

Order by Phone at 888-388-7003 or online at https://www.herbanomics.com 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
Loading...

    Comments

    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

    MOST RECENT
    Load more ...

    SignUp

    Login

    Newsletter

    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.