Investing.com-US stocks open high on Friday, investors see short-term political turmoil and continue to hit record highs in anticipation of increased fiscal spending leading to a strong economic recovery I am.
At 7:15 AM ET (1215 GMT), contracts rose 96 points (0.3%), 14 points (0.4%) and 66 points (0.5%).
It closed 0.7% higher on Thursday, closing over 31,000 for the first time. After rising 2.6%, it finished above 13,000 for the first time, closing 1.5%, which was also a record high.
President Donald Trump tried late Thursday to cool the political situation in the wake of a violent scene at Capitol Hill on Wednesday, blaming those who violated the law, and finally President-elect Joe Biden 1 I admitted that I will be in charge on the 20th of March.
The statement was made by many Trump administration officials, including Secretary of Transportation Elaine Chao and Secretary of Education Betsy DeVos, calling for his dismissal, even if his term was less than two weeks. It was issued after resigning at.
Still, while the Federal Reserve maintains borrowing costs at very low levels, investors are doing well based on expectations of more fiscal spending by the upcoming Biden administration, which is under the control of both the Senate and the House of Representatives. I’m keeping it.
The United States reported a new record daily level of Covid-19 virus-related deaths on Thursday. 4,110 people died while 268,000 new cases were enrolled. Last week alone, there were 1.6 million new cases and more than 19,000 deaths.
This increase in cases and associated mobility restrictions may be reflected in December data scheduled for 8:30 EST (13:30 GMT). The report is expected to show an increase of 71,000, which will be much lower than the 245,000 jobs added in November.
In corporate news, Boeing (NYSE :) has reached a $ 2.5 billion settlement with the US Department of Justice on an airplane crash that led to the landing of a 737 MAX jet airliner. Meanwhile, Apple (NASDAQ :) is affiliated with South Korean car maker Hyundai. About the potential development of the vehicle.
Oil prices rose on Friday, followed by a bullish tone announced earlier this week by Saudi Arabia’s surprising announcement of a voluntary reduction in production of 1 million barrels per day over the next two months.
Futures traded 1.5% higher at $ 51.59 a barrel and international benchmark contracts rose 1.8% to $ 55.33. Both benchmarks are expected to rise by about 5% this week, trading at the highest level since February last year.
In other regions, it traded at $ 1,893.10 / oz, down 1.1%, but at 1.2250, down 0.2%.
Dow Jones futures rose 96 points. Number of non-farm payrolls by Investing.com
https://www.investing.com/news/stock-market-news/dow-jones-futures-up-96-pts-nonfarm-payrolls-due-2383182 Dow Jones futures rose 96 points. Number of non-farm payrolls by Investing.com