US stock futures rose on Thursday, as investors looked past the chaotic scenes on Capitol Hill on Wednesday towards a Joe Biden administration that will have a freer hand to boost fiscal stimulus after the Democrats won two key runoff races in Georgia.
Yields on 10-year US Treasury notes moved higher above 1%, as investors shifted out of safe-haven bonds, despite supporters of President Donald Trump storming Congress on Wednesday in an unprecedented spectacle during which a woman was fatally shot.
The market reaction to the violence was muted, with the S&P 500 and Dow Jones closing higher but the Nasdaq slightly lower.
All three major US indices were set to rise slightly at the opening bell on Thursday. S&P 500 futures were up 0.55%, Nasdaq 100 futures were 0.71% higher and Dow Jones futures climbed 0.36%. Read more…..
Chart of the Day
Icarus TV
Bill Nygren has been a manager of the Oakmark Select Fund (OAKLX) since 1996, Oakmark Fund (OAKMX) since 2000 and the Oakmark Global Select Fund (OAKWX) since 2006.
