IF DJT is sooo crazy How come the stock market isn't rising due to Biden being our next president?
Stock Market Today: New Stimulus Plan Fails to Stimulate Stocks | Kiplinger
A week of drowsy trading got no lift from the latest prospect of more government spending.
President-Elect Joe Biden on Thursday evening unveiled a $1.9 trillion "American Rescue Plan" that includes a number of provisions, including $1,400 stimulus checks, supplemental unemployment benefits and a $15-per-hour federal minimum wage.
And yet, stocks went red on Friday.
Perhaps Wall Street had already baked in all of its expectations for the much-anticipated plan. Or perhaps the market remained distracted by COVID itself, which is still taking a hefty toll here in the U.S. as the vaccine rollout seems to crawl forward. Also of some concern was the start of the Q4 earnings season – mixed results from Citigroup (C, -6.9%) and Wells Fargo (WFC, -7.8%) weighed on those stocks and the rest of the financial sector.
4 days or less
HILARIOUS Meltdowns
Sorry guys but the Clown shows over
Federal prosecutors said a New York man was arrested on several charges this weekend for his role in the deadly riot by a pro-Trump mob at the U.S. Capitol earlier this month and for allegedly discussing killing House Speaker Nancy Pelosi (D-Calif.) and Vice President Pence.
According to press release from the U.S. Attorney's Office for the District of Columbia, Dominic "Spaz" Pezzola, 43, was arrested and charged on Friday with unlawful entry, destruction of government property and obstruction of an official proceeding over his alleged criminal activities in the Jan. 6 riot.
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