Indices in the USA Started the Day With an Increase on January 14

Indices in the USA started the day with an increase on January 14. Indices found support from the stimulus package that Joe Biden will reveal today. Indices opened the day with a rise in anticipation of a trillion dollar stimulus package, which is expected to be announced by Joe Biden, who was elected to the US Presidency. At the opening of the day, the Dow Jones index gained approximately 100 points and was traded at 31,159.95 points with an increase of 0.32 percent. The S&P 500 index started trading at 3,819.60 points, up 0.26 percent, and the Nasdaq index started trading at 13,175.13 points, up 0.35 percent. While the political developments in the USA were the focus of the country's agenda, the expectation of an economic support package to be given against the effects of the new type of coronavirus played a major role in the positive course of the indices. According to the reports in the US press, it was stated that the support package to be announced by Biden would be approximately 2 trillion dollars. It was stated that there will be innovations such as direct cash assistance, extension of unemployment insurance and support to states and local governments in the package. On the other hand, the speech to be made by the President of the Federal Reserve (FED) Jerome Powell at an event organized by Princeton University Bendheim Financial Center stands out as one of the agenda focuses of the country.