What You Need To Know
Market Update
US futures are up and the indexes are ready to make new all time highs amid positive stimulus and vaccine news. The FDA is set to vote on the Moderna vaccine today. The Us jobless claims were 885,000 vs 808,000 expected. The US economy continues to show it still is struggling despite a booming stock market. The 10-year treasury is up after the Fed’s pledge to support the economy.
International Markets
Both the European and Asian markets are trading higher after the Fed renewed its commitment to support the US economy.
Commodities
Gold and silver continue to climb back to their previous levels and are looking bullish as Congress looks to pass its stimulus package.
Crypto
Bitcoin continues to set new all time highs after breaking through $20,000 yesterday. Currently bitcoin is trading at $23,214 and doesn’t seem to be stopping anytime soon.
Interesting News
Google was accused of asking Facebook to help in ad-rigging to preserve both of their dominance in the ad-industry. Apple Fitness+ launched this week and looks to be a real competitor against Peloton.
Biggest After Market Movers
Roku (ROKU) is up 7% in premarket trading after HBO Max is launching on their platforms today. Accenture (ACN) is up 5% after beating earnings estimates by $0.27. Rite Aid (RAD) is up 9% after reporting a $0.40 eps vs estimates of -$0.05.
Chart of the Day
Johnson and Johnson Ascending Triangle
