-Stock futures are higher after Monday's 328-point rally for the Dow, smaller 0.6 percent gain for the S&P 500, and a modest 0.2 percent rise for the Nasdaq. Investors are cheering Joe Biden's apparent choice of former Fed Chair Janet Yellen for Treasury Secretary and the continued positive news about COVID-19 vaccines. The Dow seems poised to hit the 30,000 level today.
-The yield on the 10-year Treasury bond is at 0.86 percent, with the 2-year yield 70 basis points behind at 0.16 percent.
-Gold is down almost 2 percent to the $1,809 per ounce level. Bitcoin is up to a multi-year high at the $19,100 level.
-Asian markets closed mostly higher today, let by a 2.5 percent surge for Japan's Nikkei index. Hong Kong's Hang Seng index rose 0.3 percent, while Shanghai's Shenzhen composite fell 0.3 percent.
-U.S. crude prices are up 1 percent to the $43 a barrel level.
-Gasoline prices are back up to $2.11 a gallon, national average.
-Saudi Arabia is confirming an attack by Iran-backed Houthi rebels on Saudi Aramco's facilities in Jeddah. But it says its customers will not see any supply problems.
-The markets are specifically cheering Biden's choice of Yellen because of her reputation for wanting to stimulate the economy and not crack down on banks or Wall Street.
-Investors also seem to be cheering the fact that the Trump administration has now allowed the General Services Administration to begin the transition process to the Biden team.
-Best Buy reported much better than expected quarterly profits and revenues, plus a 23 percent gain in same-store sales and a 174 percent jump in online sales. But Best Buy shares are down 2 percent in the premarket because the company did not provide earnings guidance for the current crucial holiday sales quarter.
-Dick's Sporting Goods reported quarterly profits and revenues that were much stronger than expected. It also named current President Lauren Hobart as its new CEO. Dick's shares are up 1 percent in the premarket.
MIDDLE EAST PEACE
-Google is planning on boosting global internet traffic by linking India to Europe via an Israeli and Saudi Arabian fiber optic network with a capacity of hundreds of terabits per second.
-Amazon is urging customers to get their packages delivered to some of its brick-and-mortar retail locations and neighborhood “hubs,” as it faces a pandemic-fueled surge of online orders, coupled with the holiday season.
-Spice maker McCormick is buying hot sauce maker Cholula for $800 million.
BILLIONAIRE BOYS CLUB
-Thanks to the continued surge in Tesla shares, founder and CEO Elon Musk is now the second richest person in the world behind Jeff Bezos with an estimated net worth of about $128 billion.