Investing.com investing.com 13 Jan, 2021 14:30 am

Wall Street set to slip as stimulus rally pauses By Reuters

Wall Street set to slip as stimulus rally pauses By Reuters
Wall Street set to slip as stimulus rally pauses

FILE PHOTO: FILE PHOTO: The boot on the statue of former U.President George Washington is seen across the New York Stock Exchange (NYSE) following Election Day in Manhattan, New York City By Medha Singh and Devik Jain (Reuters) - Wall Street's main indexes were set to open lower on Wednesday as investors digested a recent rally to record highs on bets of a snap-back in economic activity fueled by more fiscal stimulus and vaccine rollouts." Wall Street's main indexes ended marginally higher on Tuesday on a boost from economy-linked financials, energy and materials stocks, while the small-cap Russell 2000 , sensitive to domestic outlook, closed at an all-time high.Exxon Mobil Corp (NYSE: XOM ) rose 1.

Target Corp (NYSE: TGT ) rose 0.Expectations of a hefty COVID-19 relief package under the incoming Joe Biden administration and hopes of a rebound in corporate earnings this year have eclipsed concerns over signs that the labor market recovery has stalled amid rampant COVID-19 infections.

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