Stock Market Preview December 30, 2020

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S&P futures are higher, up 12 to 13 points, as…

  • Senate Majority Leader Mitch McConnell (R-KY) put off a vote on raising stimulus checks to $2,000, instead of tying the move to a bill that would also set up a commission on voter fraud and remove Section 230 legal liability protection for Internet platforms.
  • California Governor Gavin Newsom announced that the state would be extending stay-at-home orders in southern California as the state battles rising hospitalizations.
  • President-elect Joe Biden pledged to speed up the rollout of COVID-19 vaccines once he enters office, adding that he will invoke the Defense Production Act to accelerate the production of key materials.