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US stocks hold in early trading ahead of Biden stimulus

Economies.com
2021-01-12 15:07PM UTC

The main US stock indices opened stable on Tuesday, amid anticipation of the reveal of President-elect Joe Biden's stimulus plan.

 

After his official victory in the US presidential elections and the congress certification of his victory, Biden is preparing to reveal his plan to inject billions of dollars to support the economic recovery from the coronavirus repercussions and to help it return to the growth path.

 

Johns Hopkins University reported that the number of Covid-19 infections rose to more than 90 million cases worldwide, with a death toll of nearly 2 million victims, with a record of around 300,000 cases in the US during a single day.

 

As of 15:05 GMT, Dow Jones held at 31,004 points, and S&P 500 held at 3,799 points, while Nasdaq index rose 0.2% or 21 points to 13,058 points.

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