Subtitles section Play video Print subtitles the S and P 500 barely managed to log a third straight session of gains Wednesday as a major indexes closed nearly flat. The game came amid improving economic data and progress on a fiscal stimulus package. Private payrolls rebounded sharply in January and services activity raised to its highest level in nearly two years. In Washington, President Joe Biden met with congressional Democrats preparing to push his $1.9 trillion relief plan Clear Harbor Asset Management CEO Aaron Kennon. One key uh, component to this rally is a some point. I think it was later late this morning. We did see, uh, that Senate agree on this reconciliation process, which essentially allows for the Democrats with their their votes and with the vice president to pass, uh, the Biden administration's fiscal stimulus package, which is probably gonna be in and around at $1.9 trillion. We think that's generally in that positive for the equity market. The Dow and S and P tacked on 1/10 percent. The NASDAQ ended a tad below the break even line. Gamestop rose a modest 2.7%. The frantic swings in the video game retailer stock price subsided Wednesday as it rebounded some from Tuesday 60% plunge. Treasury Secretary Janet Yellen will meet with top officials this week to discuss the market volatility driven by retail trading in Gamestop, Silver and other heavily shorted stocks. Shares of Alphabet jumped 7%. The advertising and cloud businesses of Google's parent profited as people worked and studied online from home, but shares of Spotify fell 8%. The streaming music company expressed uncertainty over how much longer it would benefit from the health crisis that kept people at home and boosted the number of subscribers.
B2 alphabet fiscal stimulus wednesday package biden S&P ends higher as Alphabet jumps 15 1 林宜悉 posted on 2021/02/04 More Share Save Report Video vocabulary