Indices in the USA Followed a Mixed Course

Indices in the USA followed a mixed course. Indices closed the day with depreciation.

In the US, the financial support package issue, which has been at a deadlock for a long time, and the hopes of Bidens announcement of the new package supported a positive outlook, but the Senate's words about the package caused the indices to follow a mixed course. The day ended with a decline in the New York stock market. At the end of the day, Dow Jones index decreased by 0.07 percent and fell to 30.937.04 points. The S&P 500 index fell 0.15 percent to 3,849.62 points, and the Nasdaq index fell 0.07 percent to 13,626.07 points. While the increase in the number of cases and loss of life in the new type of coronavirus (Covid-19) epidemic increased concerns, the uncertainty regarding the financial incentive package to be introduced to the market as part of the fight against the epidemic reflected negatively on the markets. The number of people detected with coronavirus worldwide has exceeded 100 million, and the increase in the number of cases despite vaccination studies brought despair. Although the US President Joe Biden's proposal for a $ 1.9 trillion support package has not found support from Republicans yet, Biden's candidate  for the Minister of Treasury Janet Yellen took an oath after the approval of the Senate. Writing a letter to the employees of the Ministry, Yellen pointed out that the coronavirus epidemic caused a great devastation in the economy and stated that the country is facing a climate crisis, systemic racism crisis and economic crisis in addition to the epidemic. Underlining that economics is not just a concept, Janet Yellen expressed her belief that economic policy is a powerful tool that can improve society. In addition, the Consumer Confidence Index announced by the Conference Board rose to 89.3 in January with a monthly increase of 2.2 points, according to the data announced today in the USA, and recovered slightly above expectations. In addition, the balance sheets of companies such as General Electric and Johnson&Johnson announced on Tuesday in the USA also supported the movement in the markets.