Thu. Jan 28th, 2021

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U.S. stock index futures flat

1 min read

Wall Street

U.S. stock index futures were flat on Wednesday as investors digested a recent rally to record highs on bets of a snap-back in economic activity fueled by more fiscal stimulus and vaccine rollouts.

Expectations of a hefty COVID-19 relief package under President-elect Joe Biden and hopes of a rebound in corporate earnings this year have eclipsed concerns over signs that the labor market recovery has stalled amid rampant COVID-19 infections.

Wall Street’s main indexes ended marginally higher on Tuesday on a boost from economy-linked financials, energy and materials stocks, while the small-cap Russell 2000, sensitive to domestic outlook, closed at an all-time high.

Investors are watching events in Washington, where the U.S. House of Representatives will vote on Wednesday to impeach President Donald Trump over the storming of the U.S. Capitol last week that stunned the nation and left five dead.

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