Wall street has turned red in the last bars of the session and has closed with falls waiting for Joe biden announce a new stimulus plan that may be worth a few 2 trillion dollars, although analysts anticipate that the final figure that Congress approves at first will range between 600,000 and 900,000 million dollars.
After gaining control of the Senate by a slim majority, the goal of Biden, as reported by CNN, is anticipate a very ambitious goal, to have the capacity to negotiate and approve a lower figure initially, but which may be extended throughout 2021.
Big tech is partly to blame for the declines, the S&P 500 falling close to 0.5%. Facebook fell by about 3%, Amazon does more than 1%, falls on Netflix are 1.5% …
On the economic agenda, the China's exports and imports in December, which have exceeded the forecasts. Exports rebounded 18.1%, above the 15% expected; and imports 6.5%, compared to the 5% anticipated.
In addition, labor data in the US has been bad, as weekly unemployment claims have risen to 965,000 and they have marked highs since August, well above the anticipated figure of 795,000.
And on a monetary level, Jerome powellChairman of the Fed will give a talk at Princeton University starting at 6:30 p.m. Spanish time.
Since Goldman sachs, predict a short-term correction after the new highs recorded at the end of last week. The US Stock and Bond Markets they could "take more than one breath" In the short term, after reaching record highs last week, its chief economist has warned, Jan Hatzius.
However, Goldman anticipates that the S&P 500 will end 2021 at 4,300 points, 14% above the current price.
At the business level, investors await the start of the fourth quarter earnings season in the US, with figures of JP Morgan Chase, Citigroup and Wells Fargo, to be published on Friday.
For the moment, Blackrock, the world's largest asset manager, rises after exceeding forecasts with its accounts.
In other markets, the West Texas oil rose 0.4% to $ 53.41, while the euro it depreciates 0.2% and changes to $ 1.2176. In addition, the profitability of the 10-year American bond eases to 1.12%, after the great rebound in recent days.