US shares mostly lower premarket after Biden unveils stimulus plan

Friday, 15. January 2021 10:30

Shares on Wall Street traded mostly lower during premarket trading on Friday after United States President-elect Joe Biden revealed details of a $1.9 trillion COVID-19 stimulus plan. The proposal includes an additional one-time payment of $1,400 in addition to the $600 in the already adopted stimulus bill. Investors are waiting for JPMorgan, Citigroup and Wells Fargo to report on their quarterly earnings. On the data front, the US Bureau of Labor Statistics and the Department of Labor will report on the producer price index while the Census Bureau will reveal data on retail sales and business inventories.

The Dow Jones was down by 0.26% at 4:30 am ET, while the S&P 500 fell by 0.22%. Meanwhile, the Nasdaq 100 stood flat at the same time.

The euro was down by 0.22% against the dollar at 4:28 am ET, buying 1.21374.

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