Future stock markets are growing, stimulus checks could arrive in a few days

Text size

Here’s what you need to know to navigate the markets today.

• Investors sent stock futures on Sunday night, before the first trading day after the Senate adopted the $ 1.9 trillion Covid-19 exemption bill. Dow Jones Industrial Media futures gained 225 points, or 0.87%, while the S&P 500 and Nasdaq Composite futures both rose 0.6%. Next week’s revenue reports include XPeng,

Casey general stores,

and

Stitch Fix

Monday, followed by

Dick’s sports products,

H&R block,

and

Thor Industries

Tuesday.

AMC Entertainment,

Campbell’s soup,

and

Oracle

release earnings on Wednesday.

DocuSign,

JD.com,

and

Ulta Beauty

announce the results on Thursday and

Buckle

and

Northern Oil & Gas

report on Friday. The National Federation of Independent Enterprises launches its small business optimism index for February on Tuesday, and the Bureau of Labor Statistics’ consumer price index appears on Wednesday.

• Americans will begin receiving stimulus checks this month. “This plan will receive controls starting this month for the American people who are in dire need of help,” President Joe Biden said on Saturday, adding that “more than 85% of American households will receive direct payments of $ 1,400 per person.” . “Single people with an adjusted gross income of $ 75,000 or less, heads of household with an income of up to $ 112,500 and married couples who file with an income of up to $ 150,000 will receive the full amount per person, as long as have a social security number.

Before the payments disappear, the House of Representatives must vote on the Senate’s version of the bill, which it intends to make on Tuesday. Then Biden must sign the bill. It will probably take another two weeks for payments to start reaching bank accounts, Garrett Watson, a senior policy analyst at the Tax Foundation, told CNBC, based on the timing of previous stimulus checks. People who have already provided information on direct deposits to the Internal Revenue Service are likely to receive payments first, as funds will be transferred electronically, while others will have to wait for paper checks or debit cards in the mail.

• Biden signed an executive order extending access to the vote on Sunday. The order calls on federal agencies to submit proposals to promote voter registration and participation over the next 200 days. “Every eligible voter should be able to vote and count,” Biden said before signing for a virtual event commemorating Bloody Sunday in 1965, during which police beat black protesters demanding time to vote. crossing the Edmund Pettus Selma Bridge, Ala. “I also urge Congress to fully reinstate the Voting Rights Act, named in honor of John Lewis,” Biden added.

• The world economy is expected to grow by 6% in 2021, the fastest growth in nearly half a century, Oxford Economics said. If the US and China grow at the same rate, the US will make a greater contribution to the recovery, as the US economy is about a third larger than China’s global, The Wall Street Journal reported.

Goldman Sachs

estimated that the US economy will grow by 7% this year, after falling by 3.5% last year, while China will grow by 8% in 2021, after growing by 2.3% in 2020.

Write to [email protected]