Stocks Poised For Best Week Since November As Democrats Pass Budget Reconciliation For Biden’s $1.9 Trillion Stimulus Plan

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The labor market, meanwhile, is still reeling from the pandemic.

The stock market is on track to post its biggest weekly gain in three months after posting its worst weekly performance since late October last week as Wall Street eyes an early morning stimulus development that should help Democrats push through a massive new stimulus package by mid-March.... [+]Key Facts

Heading up gains in the S&P, cosmetic giants Estee Lauder, whose shares are up 6%, continued the fourth-quarter earnings season blowout, posting a surprise 5% increase in sales, which hit nearly $4.9 billion last quarter, and better-than-expected profits of $873 million.

 

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