Global Market Square
The U.S. and global stock markets finished the trading session Tuesday with slight gains. The focus is centered on COVID-19 with a worsening scenario, as the possibility of further civil unrest from President Trump’s supporters in Washington and elsewhere in the 50 states remains.
Other developments that are driving the markets include the increased likelihood of additional pandemic stimulus allocations, amid concern with an inefficient vaccine rollout. Most investors are planning for the corporate earnings season, which is starts Friday with most of the money center and regional bank holding companies.
We have been advised that President-Elect Joe Biden will announce details of his stimulus plan on Thursday. The program is said to include a $2,000 check, unemployment benefits and more extensive vaccine resources.
Wall Street summary for January 12, 2021:
- The Dow Jones Industrial Average closed 31,068.69, up 60 points, or 0.19%.
- The Standard & Poor’s 500 closed at 3,801.19, up 1.58 points, or 0.04%.
- The Nasdaq Composite Index closed at 13,072.43, up 36 points, or 0.28%.
- The Birling Capital Puerto Rico Stock Index closed at 2,154.08, down 4.13 points, or 0.19%.
- The U.S. Treasury 10-year note closed at 1.15%
- The U.S. Treasury 2-year note closed at 0.14%