What You Need To Know
Market Update
US futures are up as the markets look to add to what was a record close yesterday. US jobless claims were below analysts estimates.
International Markets
International markets traded higher amid Wall Street’s record day and optimism from a Biden presidency.
Commodities
Gold and silver are trading slightly higher as the dollar has weakened. Oil futures are down after oil inventories increased by 2.6 million barrels higher than analysts expectations of a decrease of 1.2 million barrels.
Crypto
Bitcoin continues to crumble as its two day sell-off has wiped off $100b from the crypto market. Bitcoin is currently trading around $32,500.
Biggest After Market Movers
United Airlines (UAL) is down more than 2% after reporting a $7 quarterly loss. Kinder Morgan (KMI) gained 3% after the pipeline operator saw a boost in natural gas shipping activity. PayPal is up 1.25% after BTIG upgraded them from neutral to buy.
Chart of the Day
ITB breakout as the housing market continues to thrive (Charts by TradingView)
