New York equities outlook: Dow expected to see a slight boost towards record high


NEW YORK (dpa-AFX) – Wall Street is expected to open on Thursday with a friendly tendency. Three quarters of an hour before the start of trading, the broker IG valued the US leading index Dow Jones Industrial 0.34 percent higher at 31,167 points. The US benchmark index should thus approach its record high from the previous week at 31,193 points.

A media report provides positive impulses, according to which the designated US President Joe Biden is planning trillion dollar Corona aid. Biden’s advisers had told members of Congress that state aid in the fight against the economic consequences of the Corona crisis should amount to around two trillion US dollars, the TV broadcaster CNN reported, citing people familiar with the matter. Biden will announce the details of the plan this Thursday, it said.

Among the individual stocks, the stocks of Blackrock Inc could be the focus of investors. The financial giant increased its assets under management to a record high in the fourth quarter. While other wealth managers struggled in 2020, BlackRock was on the upswing. The profit increased significantly. Before the trading day, Blackrock shares rose 1.3 percent.

Delta Air Lines reported an adjusted loss for the fourth quarter. This was in line with the analysts’ expectations. The airline’s shares rose by 2.8 percent before the IPO ./edh/jha/


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