Wall Street ends above the waterline

January 13, 2021 - 2 weeks ago
Share on twitter
Share on facebook
Share on linkedin
Share on email

All three major U.S. stock indexes edged slightly higher on Tuesday, as investors assessed Washington’s political turmoil and prospects for more stimulus to combat the coronavirus pandemic.

At the finishing bell, on the New York Stock Exchange (NYSE), the Dow Jones Industrial Average rose +60 points, or +0.19%, to close at 31,068.69, after wobbling between small gains and losses throughout the day.

Shares of Goldman Sachs rose +2.9% to lead the Dow higher.

The broad-based Standard & Poor’s 500 Index eked out +1.58 points, or +0.04%, to 3,801.19, while the rich-tech Nasdaq Composite advanced +36 points, or +0.28%, to 13,072.43.

Facebook fell -2.2%, and Alphabet slid -1.1%. Microsoft and Apple also lost more than -1%.

All three indexes closed at record highs on Friday but retreated at the start of this week.

Democrats in the U.S. House of Representatives, meanwhile, on Monday introduced an article of impeachment against Trump, charging him with “incitement of insurrection” following last week’s deadly invasion of the Capitol.

Meanwhile, Vice President Mike Pence said Tuesday night he will not remove President Donald Trump from office, shortly before a House vote to call on him and the Cabinet to invoke the 25th Amendment.

The Democratic-held chamber will vote Tuesday night to call on the executive branch to push Trump out of the White House.

House Speaker Nancy Pelosi, D-Calif., had pressed Pence on whether he would remove the president. She said that if the vice president did not act, the chamber would vote Wednesday to make Trump the first president ever impeached twice.

“I do not believe that such a course of action is in the best interest of our Nation or consistent with our Constitution,” Pence wrote in a letter to Pelosi, which did not mention Trump’s name.

Share on twitter
Share on facebook
Share on linkedin
Share on email

Leave a Reply