In today’s episode of ‘Maria Bartiromo’s Wall Street’, Maria Bartiromo discusses the growth of emerging markets abroad; plus the key provisions for restaurants in the $ 900 billion stimulus bill.
U.S. stock markets reached a record high on Monday morning as traders returned to work from a long holiday weekend in which President Trump signed a COVID-19 relief bill.
| Ticker | Safety | Last | Alter | Alter% |
|---|---|---|---|---|
| Ek: DJI | DOW JONES AVERAGE | 30377.38 | +177.51 | + 0.59% |
| SP500 | S&P 500 | 3728.91 | +25.85 | + 0.70% |
| I: COMP | NASDAQ COMPOSITION INDEX | 12893.592686 | + 88.86 | + 0.69% |
The Dow Jones Industrial Average was up 170 points, or 0.56%, while the S&P 500 and Nasdaq Composite were up 0.7% and 0.87%, respectively.
Components of the $ 900 billion aid package include a direct payment of up to $ 600 to most Americans, an additional $ 300 per week to unemployment benefits and funding from the Paycheck Protection Program.
Trump, who has threatened to veto the bill because of parts of it containing “wasteful and unnecessary spending,” called on Congress to increase direct payments later to $ 2,000.
Looking at equities, US airlines were one of the top performers, as the sawn-off sector was supposed to receive relief from the package.
| Ticker | Safety | Last | Alter | Alter% |
|---|---|---|---|---|
| XAL | after | after | after | after |
| DAL | DELTA AIR LINES INC. | 40.38 | +0.66 | + 1.65% |
| UAL | UNITED LIGHT LINES HLDG. | 44.15 | +0.89 | + 2.06% |
| LUV | SOUTHWEST AIRLINES CO. | 47.01 | +0.76 | + 1.64% |
Finances, including JP Morgan and Bank of America, were also higher.
| Ticker | Safety | Last | Alter | Alter% |
|---|---|---|---|---|
| JPM | JP MORGAN CHASE & CO. | 125.14 | +0.60 | + 0.48% |
| BAC | BANK OF AMERICA CORP. | 30.07 | +0.10 | + 0.35% |
Elsewhere, MasterCard said holiday sales rose 3% year-on-year, fueled by a 49% increase in online spending as customers bought the home amid the pandemic. Sales of household furniture grew by 16%, while clothing sales fell by 19%.
| Ticker | Safety | Last | Alter | Alter% |
|---|---|---|---|---|
| MA | MASTERCARD INCORPORATED | 339.36 | +3.19 | + 0.95% |
| V | VISA INC. | 210.89 | +2.13 | + 1.02% |
Meanwhile, Alibaba announced a $ 10 billion buyback program after shares fell 13% on Friday in response to Chinese regulators increasing pressure on Ant Financial, the world’s largest financial technology company, which started as a payment service on the company’s e-commerce platform.
| Ticker | Safety | Last | Alter | Alter% |
|---|---|---|---|---|
| BABY | ALIBABA GROUP HOLDING LTD | 221.37 | -0.60 | -0.27% |
In commodities, West Texas Intermediate crude slipped 9 cents to $ 48.14 a barrel while gold climbed $ 11 to $ 1,894.20 an ounce.
In Europe, Germany’s DAX 40 reached a record high of 1.7% during the first full trading day since a Brexit deal was announced on Thursday. The French CAC 30 has meanwhile climbed 1.1% and the British FTSE 225 has been closed for the holidays.
Asian markets ended mixed with Hong Kong’s Hang Seng down 0.27%, while India’s Shanghai Composite up 0.02% and Japan’s Nikkei 225 up 0.74%.