- Wall Street’s main indexes rose on Tuesday as U.S. Treasury Secretary nominee Janet Yellen advocated for a hefty fiscal relief package before lawmakers to help the world’s largest economy ride out a pandemic-driven slump.
“Today it’s really all about Janet Yellen, and the push that she is taking for stimulus,” said Thomas Martin, senior portfolio manager at Globalt Investments in Atlanta, adding that the focus on stimulus “sets an underpinning for the markets to continue to move higher.” Wall Street’s main indexes rallied to record highs recently on hopes of a speedy economic recovery fueled by a hefty fiscal stimulus package and vaccine distribution.The defensive utilities, consumer staples and real estate were the only ones in the red.
Netflix shares rose more than 11% following the closing bell on Tuesday after the streaming television provider reported paid subscriber additions for the fourth quarter topped Wall Street expectations.
Source: Financial Digest (financialdigest.net)
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netflix jump... well, could stuck indoors be the cause? no choice awards