Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Jobs Data, Boeing, Bitcoin: 3 Things to Watch

Stock MarketsJan 07, 2021 05:12PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters.

By Liz Moyer

Investing.com -- Stocks reached record highs again on Thursday, this time led by tech, as the fallout from Wednesday’s violence on Capitol Hill included demands that President Donald Trump be immediately removed from office.

Lawmakers on both sides of the aisle and former government officials called on Vice President Mike Pence to invoke the 25th Amendment to the U.S. Constitution. Short of that, they called on Congress to bring another set of impeachment charges.

Later in the afternoon, The New York Times reported that Trump has discussed granting himself a Presidential pardon.

Technology companies railed against Trump, who had encouraged demonstrators to protest the confirmation of President-elect Joe Biden's victory. 

Facebook Inc (NASDAQ:FB) locked Trump’s account until at least the end of his term on Jan. 20, while Twitter Inc (NYSE:TWTR) locked Trump out of his account for at least 12 hours. Shopify Inc (NYSE:SHOP) said it would block Trump-affiliated stores on its platform.

Here are three things that could affect markets tomorrow.

1. Jobs report for December 

Since the pandemic began almost a year ago, investors have watched the monthly nonfarm payroll report for clues on the underlying health of the economy. Everyone knows the coronavirus situation has grown more dire in recent months, but it has yet to show up in the government’s monthly jobs report. That may change.

Earlier this week, a payroll report by ADP said private businesses cut 123,000 jobs in December, far worse than economists' had expected. Friday’s nonfarm payrolls report is expected to show a gain of 71,000, which would be far lower than the 245,000 jobs added in November. The data are due out at 8:30 AM ET (12:30 GMT).

2. Dow component strikes big legal settlement

Late on Thursday, regulators announced that Boeing Co (NYSE:BA) would pay $2.5 billion to settle a Justice Department investigation into two crashes of its 737 MAX aircraft that killed nearly 350 people. The settlement includes a criminal penalty of nearly $250 million.

Boeing's 737 Max was recertified late last year after the aircraft maker fixed the problems that led to the crashes. Its shares, which have a big influence in the Dow Jones Industrial Average, could react on Friday to the news of the settlement. 

3. Bitcoin reaches the stratosphere

The cryptocurrency everyone loves to talk about spiked above $40,000 for the first time ever on Thursday and is on a seemingly unstoppable climb after gaining more than 300% last year. It’s up 36% in the first few days of trading in 2021.

Institutional investors and popular apps like PayPal Holdings Inc (NASDAQ:PYPL) have raised the profile of Bitcoin (BitfinexUSD) in the popular culture. Investors have several reasons for buying up bitcoin, including its use as a store of value and inflation hedge (like gold) and also its use in secure payments. Expect investors to watch for even more records.

Jobs Data, Boeing, Bitcoin: 3 Things to Watch
 

Related Articles

Capital One to eliminate all overdraft fees
Capital One to eliminate all overdraft fees By Reuters - Dec 01, 2021 1

(Reuters) - Capital One Financial Corp (NYSE:COF) said on Wednesday it would eliminate all overdraft and non-sufficient funds fees for consumers, ending a practice that drew the...

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (3)
Dee Morris
Dee Morris Jan 07, 2021 9:10PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
MARA and RIOT are my favorite BTC stocks!
Deandre Webster
Deandre Webster Jan 07, 2021 7:25PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
so should I invest or no?
Rasheed Wint
Rasheed Wint Jan 07, 2021 6:59PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
bitcoin...the trend is just ready now to begin...for the prospect of bitcoin in the future this is only the tip of the iceberg...bitcoin is future...
Jedrek Zak
Jedrek Zak Jan 07, 2021 6:59PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
bitcoin is too flawed. first blockchain coin, sure. others are better. there will probably be government intervention as they need to control everything.
Tom Marshall
Tom Marshall Jan 07, 2021 6:59PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Is it really the future ? Do you even know what is behind that big spike on Btc ?! Yeah, thats what I was suspecting to....
Rasheed Wint
Rasheed Wint Jan 07, 2021 6:59PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
others will surely become much valuable also in the years to follow...crypto is the future currency...
Greg Nathan
Greg Nathan Jan 07, 2021 6:59PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Jedrek Zak , Crypto may be flawed, but what there surely is in crypto is some risk. There's price risk. Besides that, there's the possibility of regulation and hacking, Also, what if your crypto company's key personnel unexpectedly die? How do we know that all operations to the crypto company you are invested in can go on without the know-how of the founder and ground-floor engineers? Suppose the founder and all the key company-startups are at a meeting that is the victim of a ******attack? Say some member of a political party that is for love, peace, and tolerance decides the concerned crypto company is the oppressive political-elite and lashes out at them with a bomb. *******- how's the health of your crypto investment? It could be a plane crash or a car accident... Who knows, perhaps unlikely, but it's a risk. Gold has none of that. Please have gold before crypto. If you have crypto and no gold you should take some profit and fix that. Being careful is hardly ever a bad idea.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email