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U.S. stock markets edged up Thursday morning after President Biden signed a series of executive orders in the early hours of his presidency.
The Dow Jones Industrial Average gained 34 points, or 0.11%, in the opening minutes of trading, while the S&P 500 and Nasdaq Composite rose 0.1% and 0.4% respectively. The three big averages finished in record territory on Wednesday.
Teleprinter | security | Latest | Change | Change% |
---|---|---|---|---|
I: DHI | n / A | n / A | n / A | n / A |
SP500 | S&P 500 | 3856.04 | +4.19 | + 0.11% |
I: COMP | NASDAQ COMPOSITE INDEX | 13518.142069 | +60.89 | + 0.45% |
Biden’s orders included extending a freeze on student loan payments and moratoriums on eviction and foreclosure for those affected by COVID-19. Other measures, including the cancellation of the Keystone XL pipeline permit, reintegration into the Paris climate agreement and halting construction of the southern border wall, among others.
Teleprinter | security | Latest | Change | Change% |
---|---|---|---|---|
UAL | UNITED AIRLINES HLDG. | 42.49 | -2.69 | -5.95% |
On the stock side, United Airlines Holdings reported a fourth consecutive quarterly loss in the three months through December, as the COVID-19 pandemic continues to plague demand for air travel. The Chicago-based airline lost $ 7.1 billion in 2020, but said that while the next few quarters will be difficult, it expects a return in travel and a reduction in costs leading to its 2019 profit margins surpassing. by 2023.
Teleprinter | security | Latest | Change | Change% |
---|---|---|---|---|
BKS | n / A | n / A | n / A | n / A |
Baker Hughes Co. ran out of revenue but beat profits and said he expects the energy market to bottom out by the middle of this year.
Teleprinter | security | Latest | Change | Change% |
---|---|---|---|---|
AAPL | APPLE INC. | 135.78 | +3.75 | + 2.84% |
Elsewhere, the price target for Apple Inc. shares was raised to $ 152, from $ 144 at Morgan Stanley, which forecasts record quarterly earnings and earnings in its next report.
Teleprinter | security | Latest | Change | Change% |
---|---|---|---|---|
TSLA | TESLA INC. | 848.46 | -2.00 | -0.23% |
Tesla Inc. vehicle registrations in the state of California were up 63% year-over-year in the fourth quarter, according to data from research firm Cross-Sell. The increase in registrations was supported by demand for the Model Y crossover vehicle.
Teleprinter | security | Latest | Change | Change% |
---|---|---|---|---|
GM | GENERAL MOTORS COMPANY | 56.47 | +0.62 | + 1.11% |
In other auto news, General Motors is heading for its sixth record this month as investor optimism rises after a wave of strategy moves this month.
In commodities, West Texas Intermediate crude fell 33 cents to $ 52.98 a barrel and gold slipped $ 2.10 to $ 1,864.40 an ounce.
European markets were mixed after the European Central Bank kept its policy on hold, with the French CAC 40 falling 0.34% and the German DAX 30 advancing 0.11%. The UK FTSE 100 was 0.06% higher.
In Asia, Hong Kong’s Hang Seng index slipped 0.12% while Japan’s Nikkei 225 rose 0.82% and China’s Shanghai index gained 1.07%.
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