Nasdaq index futures hit a record high on Friday as investors sought economically stable sectors after a small delay in voting on President Joe Biden’s $1.75 trillion spending bill, while rising COVID-19 cases in Europe also dented sentiment. S&P and Dow futures fell tracking losses in banks, airlines, and other economically sensitive sectors. Uncertainty over rising inflation and the Federal Reserve’s tightening also kept demand for value stocks low. The U.S. House of Representatives early on Friday delayed an anticipated vote on passage of Biden’s social programs and climate change investment bill, and will instead reconvene at 8 a.m. EST (1300 GMT) to complete the legislation. In Europe, rising COVID-19 cases saw Austria outline plans for a full lockdown, while Germany could follow suit amid a new wave of infections. Shares of Alphabet Inc., Amazon.com, and Microsoft Corp.—stocks which have largely persevered through economic shocks since 2020, rose between 0.3 …https://www.theepochtimes.com/c-us-politics

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