U.S. stocks posted a slight rise on Wednesday as investors weighed in on ongoing stimulus efforts and braced for House Democrats to act to impeach Trump for the second time.
Vice President Mike Pence has ruled out invoking the 25th Amendment to remove Trump on charges he provoked a right-wing mob to storm Capitol Hill. Pence’s decision paves the way for Democrats to move forward with Trump’s impeachment.
On the economic data front, the The US consumer price index has risen 0.4%, in line with the consensus estimate. The core CPI gauge, which excludes food and energy costs, rose 0.1% from the previous month after gaining 0.2% in November, according to a labor ministry. report. Philadelphia Fed Chairman Patrick Harker will speak on the economy at 2 p.m. today and Federal Reserve Vice Chairman Richard Clarida will speak on the monetary policy framework at 3 p.m.
Here’s where the U.S. indexes were shortly after opening at 9:30 a.m. (ET) on Wednesday:
- S&P 500: 3,801.93, up 0.02%
- Dow Jones Industrial Average: 31,074.18, up 0.02% (5 points)
- Nasdaq Composite: 13,086.57, up 0.11%
Bitcoin hovers around $ 35,000, a key technical level on the charts. A a break above or below these levels could pave the way for the next explosion to record highs, or a more prolonged decline, analysts say.
“The cryptocurrency market has come under fire in recent days, with Bitcoin and Ethereum both declining as a wave of risk aversion sweeps through global finance.
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