U.S. stocks edged lower Friday as some investors grew concerned that President-elect Joe Biden's $1.9 trillion Covid-19 relief plan could lead to higher taxes. The S&P 500 fell 0.3%, indicating the benchmark index may decline for a second day. The Nasdaq Composite picked up 0.2%, while the Dow Jones Industrial Average slipped 0.6%, about 180 points.
Here's what we're watching ahead of Friday's opening bell. --U.S. stock futures edged lower as some investors grew concerned that President-elect Joe Biden's $1.9 trillion Covid-19 relief plan could lead to higher taxes. Futures tied to the S&P 500 fell 0.4%, putting the benchmark on course to decline for a second day.
Here's what we're watching ahead of Friday's opening bell. --U.S. stock futures edged lower as some investors grew concerned that President-elect Joe Biden's $1.9 trillion Covid-19 relief plan could lead to higher taxes. Futures tied to the S&P 500 fell 0.4%, putting the benchmark on course to decline for a second day.
- Wall Street's main indexes fell on Friday as incoming President Joe Biden's $1.9 trillion stimulus plan sparked fears of an increase in taxes, while investors parsed quarterly reports from major U.S. lenders.
The fastest Covid-19 vaccination rollout in the world is drawing investors to Israel, making its stock market one of the top performers in 2021.. Israel's benchmark TA-125 stock index has gained nearly 6% this year in dollar terms, outperforming both the S&P 500 and the eurozone's Euro Stoxx Index. Last year, the TA-125 didn't fare as well as either of those gauges, rising just 4.3% in dollar terms.
* Biden unveils $1.9 trillion stimulus plan. * Resurgence of virus cases in China weigh. * U.S. imposes ban on nine more Chinese firms. * Powell sees no reason to alter Fed's stance. * Oil falls, gold rises on U.S. stimulus. By Tom Arnold and Andrew Galbraith.
U.S. stock futures slid on Friday, suggesting that the S&P 500 will decline for a second day. Contracts on the S&P 500 edged down 0.4%. Europe stocks also declined Friday after a three-day run of gains.
Japan's benchmark Nikkei stock average snapped a five-session rally on Friday, slipping from a more than 30-year high hit in the previous session, while losses were capped by tech shares after Taiwanese chipmaker TSMC posted its best-ever quarterly profit. The Nikkei closed down 0.62% to 28,519.18, after hitting a fresh high since August 1990 on Thursday.
Asian shares stumbled lower in afternoon trade on Friday, reversing earlier gains as rising COVID-19 cases in China reinforced investor concerns over the prospects for a global economic recovery. European bourses were set to open lower.
Asian shares edged up near record highs on Friday after U.S. President-elect Joe Biden proposed a $1.9 trillion stimulus plan to jump-start the world's largest economy and accelerate its response to COVID-19.
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