What to watch today: Dow set to add to Wednesday record despite Capitol turmoil

SourceCNBC
SectorFinancial Markets
CountryMiddle east

BY THE NUMBERSU.S. stock futures rose Thursday, a day after the Dow Jones Industrial Average closed at a record high despite the turmoil at the Capitol. Early Thursday, outgoing President Donald Trump said in a statement there "will be an orderly transition" of power, shortly after Congress confirmed President-elect Joe Biden's win. (CNBC)The Labor Department said Thursday that initial jobless claims totaled 787,000 last week, fewer than estimates for 815,000.

However, those numbers compared to pre-pandemic levels are still historically elevated, with the seven-day average of new daily U.S. Covid infections spiking to a record high. (CNBC)Ahead of Friday's government employment report, the ADP's look at December jobs trends at U.S. companies showed a contraction in private-sector positions for the first time since the early days of the coronavirus. Throughout most of the pandemic, the ADP estimates have been below the final government count. (CNBC)The 10-year Treasury yield remained above 1% on Thursday morning after projected wins for Democrats in both Senate runoff elections in Georgia. Lightening up on bonds, pushing prices down and yields up, investors bought riskier assets like stocks and bitcoin. (CNBC)The world's largest cryptocurrency smashed through the $38,000 mark to hit a record high on Thursday ...read more...