📈 Stock Market Today: Political Chaos and Impeachment – And Markets Don't Care?

Share it with your friends Like

Thanks! Share it with your friends!


Today’s Stock Market | January 13, 2021

Here’s what happened in the stock market today, Wednesday, Jan 13th – in 4 minutes or less

Stocks didn’t do much today and just went sideways.
Let’s take a look at all the indices:
The Dow is down 31 points or 0.10%, the S&P 500 is up 0.23%, and the NASDAQ is the winner today – up 0.63%.

But overall it was a lackluster trading day.

So what happened today?

Shares of Alibaba (BABA) moved higher today after the Wall Street Journal reported that this Chinese company will not be banned from the U.S. exchanges.

Musical chairs:

Shares of Intel (INTC) popped more than 12% in the premarket after reports that CEO Bob Swan would step down, effective Feb. 15. He will be replaced VMWare (VMW) CEO Pat Gelsinger. VMW is down 7.5%.

So what are traders focused on right now? – 2 things:

1.) On Friday, Earnings Season is kicking off, and we will learn how companies did in the previous quarter when Coronavirus cases were on the rise.

2.) We have political concerns:
The House of Representatives asked VP Mike Pence last night to invoke the 25th Amendment to remove President Trump from power. But Mike Pence refused, so the House is voting on impeachment today.

Next Wednesday is Inauguration Day, and after last week’s violent protests at the Capitol, there are a lot of concerns over more unrest. The White House Press Office released a statement from President Donald Trump today in which he asked his supporters to be peaceful at demonstrations around the country, but will they listen? If we see more violence next week, it could send the markets sharply lower.

But for now, markets are in a “wait and see” pattern and are desperately looking for impulses.

This wraps up today’s stock market news in 4 min or less.
If you enjoyed the “Stock Market Today” video, make sure to subscribe to this channel.

For more stock market news, visit https://rockwelltrading.com.

#todaysstockmarket #stockmarkettoday #whathappenedinthemarkets
✅ First, subscribe to my channel here so you never miss a new video: https://bit.ly/3aLKLDz
📈 Watch My Daily Trading Routine Here (that takes me less than 15 min/day): https://bit.ly/2ICZkgX
📕 Get a FREE Hardback Copy Of My New Book “The PowerX Strategy”: https://bit.ly/2wMQ7zW
💻 Need a broker? We prefer trading using tastyworks! Sign up here: https://bit.ly/3610gsk
🌍 Outside of the U.S.? Check out Interactive Brokers’ amazing platform: https://bit.ly/2M2m6DN
☕️ Start your morning just like Markus, with the MorningBrew Newsletter: https://bit.ly/32Xs6Uu
tastyworks, Inc. (“tastyworks”) has entered into a Marketing Agreement with Rockwell Trading Services, LLC whereby tastyworks pays compensation to Rockwell Trading Services, LLC to recommend tastyworks’ brokerage services. The existence of this Marketing Agreement should not be deemed as an endorsement or recommendation of Rockwell Trading Services, LLC by tastyworks and/or any of its affiliated companies. Neither tastyworks nor any of its affiliated companies is responsible for the privacy practices of Rockwell Trading Services, LLC or this website. tastyworks does not warrant the accuracy or content of the products or services offered by Rockwell Trading Services, LLC or this website. Rockwell Trading Services, LLC is independent and is not an affiliate of tastyworks.


Andi S says:

If you can cover what news/event will happen tomorrow, that would be great !

apfelsnutz says:

I'm finally starting to move… probably after the end of the week (15th Jan). I watch all of these ! Thanks Markus !

Comments are disabled for this post.