U.S. stocks were indicated higher Tuesday as investors watched progress toward President Joe Biden’s $1.9 trillion coronavirus relief package and data showing falling COVID-19 cases, which fell to their lowest level in four months on Presidents Day.
What’s driving the market? Markets are reflating, with benchmark bond yields on the rise as investors await a COVID relief package that could include the inclusion of a gradual increase in the minimum wage to $15 an hour over four years, a controversial proposal for Republicans. Meanwhile, COVID-19 case numbers have been declining. The U.S. averaged 85,798 new cases a day in the past week, down 41% from the average two weeks ago.
The energy problems sent oil and natural-gas prices to their highest levels in months, with West Texas Intermediate CL.1, +0.35% up 0.8% near $60 a barrel, while Brent oil, the international benchmark BRN00, -0.41%, was above $63 a barrel and natural gas prices NG00, +6.08% were up over 6% on the day.
Look Out. There's a bull behind you!
Run with the 'Bulls' or just be a fool !
$amc 2/16/21 pre-market update Charles Schwab adds positions to have $3.75M value in amc and 0.819% ownership the total volume of pre-market is around 2.93 million. Very promising volume that we have not seen in awhile Please consider following for more updates!!
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