U.S. stocks were set to rally Tuesday, a day ahead of the inauguration of President-elect Joe Biden and as fourth-quarter earnings season kicked into higher gear, featuring results from the likes of Bank of America, Goldman Sachs Group and Netflix.
What’s driving the market? After a three-day weekend, futures were pointing solidly higher, with the bullish optimism to start the week being attributed, at least partly, to the prospects of a new presidential regime that is perceived as supportive to further gains for stocks in early days of 2021. “But right now, with interest rates at historic lows, the smartest thing we can do is act big,” Yellen writes.
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