Investing.com investing.com 07 Jan, 2021 16:15 am

Opening Bell: Futures, Stocks Still Risk-On Despite DC Chaos; Bitcoin Hits $37K

Opening Bell: Futures, Stocks Still Risk-On Despite DC Chaos; Bitcoin Hits $37K
Market Overview Analysis by Investing.com (Pinchas Cohen/Investing.com) covering: EUR/USD, GBP/USD, USD/JPY, XAU/USD. Read Investing.com (Pinchas Cohen/Investing.com)'s latest article on Investing.com

6%, after a four straight day loss, hitting a 30-year high.p Today the volatility index fell further, for the third straight day, indicating investors are still decidedly bullish.p The price of oil rose for a third straight day, breaking through the Dec.Futures on the Russell 2000 , however, are in the red after the small cap index jumped almost 4% on Wednesday.

Positive news in the Senate runoffs sparked a reflation trade, attracting demand to small cap shares that benefit from an economic rebound and banks that profit from higher interest.US futures, including for the Dow , S&P and NASDAQ and European stocks advanced for a second day on Thursday on the hope of a fiscal top-up after the double Democratic win in Georgia which gives President-elect Joseph Biden full control of Congress and thus a clearer path for his political agenda.

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