4/28/2024 0 Comments January 20 2021 countdown![]() (Read More) Breakout Biotech Stocks with Triple-Digit Profit Potential Hunt Transport Services JBHT reported better-than-expected fourth-quarter 2020 results. ![]() Hunt Q4 Earnings Beat, Rise Y/Y on Higher Revenues You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. General Motors and Tesla sport a Zacks Rank #1 (Strong Buy). TSLA gained 2.2% started officially delivering its Model Y vehicles in China. MSFT to accelerate the commercialization of driverless cars. GM climbed 9.8% after the company entered into a partnership with Microsoft Corp. The company is expected to get final clearance from Europe in next week. BA surged 3.1% following news that Canada will lift a near two-year flight ban on its 737 MAX following two fatal crashes of the aircraft. Rochelle Walensky, Biden’s nominee to Head the Centers for Disease Control and Prevention, expressed her confidence that the country is having enough COVID-19 vaccine doses to meet the Trump administration’s goal of immunize 100 million people in 100 days despite a slower-than-expected rollout of the vaccines. Story continues Faster Vaccination Process In addition, the plan will provide $130 billion for reopening of schools, $35 billion for higher education and $5 billion for a “Hardest Hit Education Fund.” ![]() The plan will include $20 billion for a national vaccination program, $50 billion for COVID testing, and $350 billion aid to state and local governments. Minimum wage rate to be hiked to $15 per hour and moratoriums on eviction and foreclosure on mortgages to be extended to Sep 30. The proposed plan will include increasing direct payments to $2,000 from existing $600 and supplemental unemployment benefits to $400 per week through September. On Jan 14, President elect Joe Biden proposed a new $1.9 trillion coronavirus-aid package called “American Rescue Plan”. On Jan 19, during her Senate confirmation hearing, Janet Yellen, President-elect Joe Biden’s designated nominee for Treasury Secretary and a former chairperson of the Federal Reserve, said that with interest rates at historic lows, the best way to counter the coronavirus-led economic devastations is to inject big relief package although that will increase U.S. On Nasdaq, a 2.15-to-1 ratio favored advancing issues. Advancers outnumbered decliners on the NYSE by a 1.92-to-1 ratio. A total of 13.87 billion shares were traded on Tuesday, higher than the last 20-session average of 12.93 billion. The fear-gauge CBOE Volatility Index (VIX) was down 4.5% to 23.24. Notably, eight out of eleven sectors of the benchmark index closed in the green and three in red. The Energy Select Sector SPDR (XLRE), the Communication Services Select Sector SPDR (XLC) and the Technology Select Sector SPDR (XLK) climbed 2%, 1.8% and 1.3%, respectively. Moreover, the Nasdaq Composite finished at 13,197.18, surging 1.5% or 198.68 points due to strong performance by large-cap tech stocks. Notably, 18 components of the 30-stock index ended in the green while 12 in red. The Dow Jones Industrial Average (DJI) gained 0.4% or 116.26 points to close at 30,930.52. All the three major stock indexes ended in the green. Investors' confidence was boosted by positive signal for higher fiscal stimulus and faster nationwide vaccination project. Wall Street closed higher on Tuesday, a day before President elect Joe Biden will formally take charge of the next U.S.
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