After months of negotiations, the $900 billion stimulus package was put into law
Dow Jones Industrial Average (DJI) futures are eyeing a triple-digit pop as we enter the last week of the year, after U.S. President Donald Trump signed the $900 billion stimulus bill into law, despite previously suggesting he would block it in favor of a bill that offers $2,000 individualized checks to Americans rather than the $600 in the current package. The unexpected signing avoided a government shutdown, extended employment benefits, and put into a motion a long list of economic support. S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) futures are also in the black, as a vote on a $2,000 stimulus check is still occurring.
Continue reading for more on today's market, including:
- FireEye stock snapped win streak after hitting a top.
- Back to the basics: 5 steps for choosing the right option.
- Plus, IMV rises on vaccine update; WB reports earnings; and AT&T stock gains on "Wonder Woman 1984."

5 Things You Need to Know Today
- The Cboe Options Exchange (CBOE) saw more than 1.1 million call contracts traded on Thursday, and 593,136 put contracts. The single-session equity put/call ratio rose to 0.54 and the 21-day moving average stayed at 0.41.
- Imv Inc (NASDAQ:IMV) stock is up 10.5% ahead of the bell, after the Canadian biotech company reported a positive update on its coronavirus vaccine candidate. Imv announced that the candidate, DPX-COVID-19, was safe and showed protection against the new strain, and disclosed plans for the new year. Still in penny stock territory, the equity is up 3.4% year-to-date.
- Weibo Corporation (NASDAQ:WB) is down 1.7% electronic trading, despite this morning announcing a third-quarter earnings and revenue beat. The China-based internet platform reported earnings of 66 cents per share, higher than the 60 cents anticipated by analysts. Coming into today, WB is down 4.4% year-to-date.
- The shares of AT&T Inc (NYSE:T) are up 1% in premarket trading, after "Wonder Woman 1984," produced by the company's Warner Bros., led the weekend box office with the strongest debut since before the pandemic. HBO Max viewing hours tripled on Christmas day, as millions of subscribers tuned in to watch. Year-to-date, T is posting a 26.6% year-to-date deficit.
- This quiet last week of 2020 will start off with no economic data.

Stocks in Asia Close Mixed on BABA Update
Asian markets were mixed today, after the People’s Bank of China (PBC) ordered financial tech giant Ant Group, which is an affiliate of Alibaba (BABA), to rectify its businesses amid an anti-monopoly practices push. Meanwhile, data from the country’s National Bureau of Statistics showed profits at Chinese industrial firms rose 15.5% in November. In turn, Hong Kong’s Hang Seng fell 0.3%, with Alibaba and other Chinese tech firms pacing the laggards. Elsewhere, Japan’s Nikkei rose 0.7%, while South Korea’s Kospi and China’s Shanghai Composite settled 0.06% and 0.02% higher, respectively.
Stocks are higher across the pond, however, as investors respond to a post-Brexit trade deal between the European Union (EU) and the United Kingdom. Also giving sentiment a boost is President Trump’s signing of a new stimulus package. As a result, the German DAX was last seen up 1.5%, while France’s CAC 40 is up 1%, and London’s FTSE 100 is 0.1% higher.