What You Need To Know
US futures are up as the market is expected to rise for the third consecutive day. Yesterday, Trump finally conceded that Biden will become president. The single-day Covid deaths surpassed 4,000 yesterday. The US lost 140,000 jobs vs adding an estimated 50,000 jobs.
European and Asian markets were up boosted by recovery hopes. South Koreas’s Kopsi gained almost 10% this week. Japan’s Nikkei is at its highest point since 1989.
Gold fell below $1,900 on Friday after a strengthening dollar and higher treasury yields. Oil futures are up again and are looking to break $52.
Bitcoin continues to set new highs and is currently trading at $41,396.
Former Disney and Discovery executives are launching a new streaming service called Struum. Struum will not be offering its own content but will instead give viewers access to hundreds of niche streaming services. GM beat Ford as the leading truck supplier for the first time in six years. GMs future is looking bright as they continue to also invest in evs and plan to launch over 20 ev models in the future.
Biggest After Market Movers
Tesla (TSLA) is continuing its run and is up over 4.5% and is currently trading at $852. Sarepta Therapeutics (SRPT) is down over 47% after its gene therapy treatment did not meet one of its main goals for the study. MicroStrategy (MSTR) is up 6.7% after their stock continues to rise as a result of their $1 billion investment into bitcoin.
Chart of the Day
BigC with the nice reversal