Three Things to Watch for

© Reuters.

By Liz Moyer – Stocks moved for most of the day, but tech hosted an afternoon rally when lawmakers gathered to impeach President Donald Trump for the second time in a year. The unprecedented political move comes a week after a rebel mob of Trump supporters took over the Capitol, causing damage and leading to five deaths. Since then, the grounds surrounding Hill in DC have been fortified with National Guard troops, fences, and barricades. The Chamber began voting shortly before the market closed. Intel Corporation (NASDAQ 🙂 led tech stocks higher after announcing it would bring in a new CEO of VMware Inc (NYSE :). So-called Fab 5 tech stocks also rose. Within a week of President-elect Joe Biden‘s inauguration, coronavirus cases continued to rise. Biden has vowed to immediately address ways to combat the virus, including promoting a broader deployment of vaccines. Here are three things that could affect the markets tomorrow. 1. Earnings reporting season about to begin Delta Air Lines Inc (NYSE 🙂 is scheduled to report earnings on Thursday. Granted, it hasn’t been a good year for airline stocks, but travelers were back in the skies over the holidays, which account for part of the fourth quarter. Analysts tracked by expect a loss of $ 2.47 a share on revenue of $ 3.78 billion. 2. Another Round of Stock Debuts to Kick Off the Year On Wednesday, the Affirm Holdings Inc (NASDAQ 🙂 app “buy now, pay later” debuted more than 100% higher after opening at $ 90.90 a share. . They were priced at $ 49, in line with other recent IPOs that appeared when they began trading. Affirm is the latest effort from PayPal founder Max Levchin. It is not the only initial public offering that people are seeing this week. Poshmark, the online marketplace for clothing and used goods, will price its initial public offering on Wednesday night and open for business on Thursday. In a range of $ 35 to $ 39, the listing values ​​Poshmark at around $ 2.7 billion. 3. Fed Chairman Powell Jerome Powell is scheduled to deliver a speech around 12:30 PM ET (1630 GMT) during a live broadcast event hosted by the Bendheim Finance Center at Princeton University. It can bring up economic stimulus, which many Fed policy makers have said is crucial to economic recovery. Incoming Senate Majority Leader Charles Schumer reportedly asked Biden for a $ 1.3 trillion stimulus. That would add to the $ 900 billion package approved by Congress last month and increase individual payments for qualified households to $ 2,000 from $ 600.

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