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US Futures Narrowly Mixed, Biden's Stimulus Plan Eyed

01/14/2021 | 08:18am
(MT Newswires) -- US stock futures were narrowly mixed Thursday as traders looked ahead for details on President-elect Joe Biden's planned economic stimulus and data on jobless claims.

Dow Jones Industrial Average futures gained 0.2%, S&P futures increased 0.1%, while Nasdaq futures slipped 0.04%.

Biden is expected to unveil details of his proposed stimulus package later in the day, which is anticipated to include an increase to the recent $600 checks for individuals.

Meanwhile, incumbent President Donald Trump became the first American president to be impeached twice after the US House of Representatives voted Wednesday to charge him for stoking last week's deadly riot on Capitol Hill.

Oil prices fell, with global benchmark Brent crude down 0.8% and US West Texas Intermediate down 0.6%, as fresh lockdown restrictions in China and Europe dented demand outlook for fuel.

At 8:30 am, data are expected to show new unemployment claims coming in at 786,000 for Jan. 9 week compared with previous week's 787,000. Import prices are expected to rise 0.7% in December versus 0.1% gain previous, while export prices are seen rising 0.6% versus 0.6% previous, according to Bloomberg data.

In equities, Express, Inc. (EXPR) shares surged more than 50% pre-bell after the company secured $140 million in additional financing to support its liquidity.

© MT Newswires 2021
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