Here are the top news, trends, and analysis investors need to get their trading day started:
1st House passes a bill for 2,000 stimulus checks
House Speaker Nancy Pelosi (D-CA) and Senate Minority Chairwoman Chuck Schumer (D-NY) speak after a press conference on Capitol Hill on December 20, 2020 in Washington, DC.
Tasos Katopodis | Getty Images
Parliament voted Monday to increase the second round of federal direct payments to $ 2,000, the day after President Donald Trump signed the $ 2 trillion pandemic aid and the full year government spending bill .
The House passed the payments in a quick process with just enough assistance to hit the required two-thirds threshold. The chamber approved the measure with 275-134 votes. Despite Trump’s request for $ 2,000 in payments, the GOP-held Senate may not pass the larger amount, despite Senate minority chairman Chuck Schumer, who said he is pushing for a vote.
2. Boeing 737 Max returns to the US skies
American Airlines Boeing 787-9 Dreamliner takes off from Los Angeles International Airport in Los Angeles, California on November 11, 2020.
AaronP | Farmer Griffin | GC Images | Getty Images
American Airlines will operate the Boeing 737 Max’s first commercial U.S. flight on Tuesday after almost two years of landing after two fatal crashes.
American Airlines Flight 718 is expected to depart Miami International Airport for New York’s LaGuardia Airport at 10:30 am CET. The Fort Worth, Texas-based airline offers a round-trip flight between the two airports once a day and plans to increase service to other cities in the coming weeks.
United Airlines plans to resume Max flights on Feb.11 from the Denver and Houston hubs. Southwest Airlines has announced that it will begin flying its aircraft in the second quarter.
3. The stock exchange should extend the record rally
Snow covers the Charging Bull sculpture in the Manhattan Financial District, New York City, New York, USA, December 17, 2020.
Jeenah Moon | Reuters
US stock futures rose Tuesday morning after major averages all hit new record highs in the previous session.
Dow Jones Industrial Average futures traded 130 points higher. S&P 500 futures rose 0.4% and Nasdaq 100 futures rose 0.5%.
Monday’s rally brought the S&P 500’s gains to 15.6% for 2020, while the blue-chip Dow rose 6.5% this year. The Nasdaq Composite is up more than 43% in 2020 as investors flocked to big tech names like Apple, Amazon, and Facebook.
4. Qualtrics files for the IPO
Ryan Smith, Qualtrics Chairman, stands on stage during the 2015 Web Summit in Dublin, Ireland.
Clodagh Kilcoyne | Getty Images
Qualtrics announced an IPO two years after SAP took over the cloud software provider. The starting price range of $ 20 to $ 24 per share would value Qualtrics at $ 12 to $ 14.4 billion, compared to the $ 8 billion that SAP paid.
Qualtrics is traded on the Nasdaq under the ticker XM. Qualtrics sells software that enables companies to assess how customers are using their products to improve their offerings. Ryan Smith co-founded the company with his brother and father in 2002 and gave the family a 40% stake at the time of the acquisition.
5. Trump tightens the mandate to exclude US investments in Chinese companies
President Donald Trump listens during a White House video conference call with military personnel on November 26, 2020.
Erin Schaff | The New York Times | Bloomberg | Getty Images
The Trump administration reinforced an executive order preventing US investors from buying stocks of suspected Chinese military-controlled companies.
The Treasury Department released guidance on Monday to clarify the order, which was released in November. The contract would cover exchange-traded funds and index funds, as well as subsidiaries of Chinese companies owned or controlled by the Chinese military.
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