Here are the most important news, trends and analyzes that investors need to start their trading day:
1. The Dow, S&P 500, Nasdaq will be added to record highs
Traders are working on the floor of the New York Stock Exchange.
NYSE
US futures rose on Tuesday, adding to Friday’s record closings for the Dow Jones industrial average, the S&P 500 and the Nasdaq. The US stock exchange closed on Monday for Presidents’ Day. All three stock benchmarks ended above last week, in a February follow-up. For the year, at the close on Friday, the Dow, S&P 500 and Nasdaq rose by almost 2.8%, 4.8% and 9.4%, respectively.
The 30-year Treasury yield remained above 2% early Tuesday as investors watched progress on President Joe Biden’s $ 1.9 trillion stimulus package on Capitol Hill and the push for a wider distribution of coronavirus vaccines. in the US 10-year treasury yields rose to more than 1.26%.
CVS Health (CVS) reported quarterly earnings of $ 1.30 per share, 6 cents above estimates. Revenues also exceeded Wall Street forecasts, helped in part by Covid-19 testing and vaccinations at its pharmacies.
2. Bitcoin has reached a new high of over $ 50,000
In this photo illustration, a visual representation of the digital cryptocurrency, Bitcoin is exposed in front of the Bitcoin exchange rate chart on February 9, 2021 in Paris, France.
Chesnot | Getty Images
Bitcoin hit a new record high on Tuesday, surpassing $ 50,000 per unit for the first time, before comparing some of those gains. Major companies announced support for digital currencies last week, starting with Tesla, revealing that it bought bitcoin worth 1.5 billion dollars. Mastercard said on Thursday that it would support certain cryptocurrencies later this year, while BNY Mellon announced the next day that it would open its custody services for digital assets. Bitcoin has more than quadrupled in 2020 and has grown by more than 60% since the beginning of this year.
3. Deep freezing in Texas is causing massive energy crises
Elders shelter from the cold wind on one side of the pump pump on Saturday, February 13, 2021 in Midland, Texas.
Eli Hartman. | Odessa American | A?
More than 3.8 million households in Texas are in the dark Tuesday morning as record low temperatures have increased the demand for heat that has pushed the state’s power grid to its limits. In Texas, continuous interruptions were imposed, usually observed on summer days of 100 degrees. The lack of electricity has been so great that wholesale spot electricity prices on the Texas electricity grid have risen by more than 10,000% in months. US oil prices also rose to a pandemic level of more than $ 60 a barrel. The cold weather was part of a massive winter explosion that brought snow, sleet and icy rain to the southern plains, over parts of the Ohio Valley and northeast.
4. Congress will set up a Chapter Revolt Commission
House Speaker Nancy Pelosi (D-CA) speaks at a news conference with managers accusing the House on the fifth day of the indictment of former US President Donald Trump on charges of inciting the deadly attack on the US Capitol, in Washington USA, February 13, 2021.
Al Drago | Reuters
House Speaker Nancy Pelosi said Monday that Congress will set up an independent 11/11-style commission to look into last month’s deadly insurrection in the U.S. chapter. Investigations into the riot were already planned, with Senate hearings scheduled for later this month in the Rules Committee.
Prosecutors in the house who supported Donald Trump’s conviction for inciting the attack said on Sunday that they had proved their case. Democrats have also spoken out against Senate GOP leader Mitch McConnell and other Republicans, saying they are “trying both ways” to find the former president’s innocent while criticizing him.
5. Biden will make the first official domestic trips
President Joe Biden speaks during a meeting with a bipartisan group of governors and mayors about his Covid-19 aid plan in the Oval Office of the White House in Washington, DC, on February 12, 2021.
Mandel Ngan | AFP | Getty Images
Trying to get past Trump’s acquittal in last week’s dismissal process, Biden plans to keep a busy schedule focused on coronavirus next week. Biden is set to make his first official official trips to his presidency, starting Tuesday with a CNN City Hall in Wisconsin to talk to Americans affected by the pandemic. Biden on Thursday then visits a Pfizer Covid vaccination facility in Michigan, while the drug’s two-shot regimen and Moderna begin making several forays into pharmacies across the country.
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