Fox Business Flash top headlines are here. Check out what’s clicking on FoxBusiness.com.
U.S. equity futures are pointing to a higher open when trading gets underway.
Continue Reading Below
DOW JONES AVERAGES
NASDAQ COMPOSITE INDEX
On Wall Street, the benchmark S&P 500 index gained 1.6%, recovering some of losses earlier in the week amid frenzied trading of video game retailer GameStop and other stocks targeted by novice day traders.
In Washington, Biden invited 10 moderate Republicans to the White House to discuss his proposed $1.9 trillion economic aid plan. Republicans earlier countered with an offer of $600 billion, or less than one-third of Biden's proposed amount.
“The sound of more stimulus, which tends to raise all boats, was music to the market’s ears,” said Stephen Innes of Axi in a report.
Silver declined after jumping at one point to its highest level in eight years. Silver for March delivery shed 55 cents, or 1.9%, to $28.86 per ounce in London.