Wall Street stock futures move higher ahead of Biden inauguration as U.S. Treasury designate Janet Yellen urges lawmakers to go big on stimulus spending.

Wall Street stock futures moved higher as markets await the testimony of U.S. Treasury-designate Janet Yellen who will urge lawmakers to approve Biden’s $1.9 trillion stimulus pan, and support the pledge to keep rates at near-zero from Fed Chair Jerome Powell. To read more go to The Street

President-elect Joe Biden unveiled a $1.9 trillion Covid-19 relief package on Thursday, but Friday stock futures fell as Wall Street factored in that this enormous size and potential tax increases it would have a difficult time passing Congress with Democrats controlling such a thin margin.

President-elect Joe Biden plans on introducing a $1.5 trillion stimulus plan that will be designed to jump start the U.S. economy which would be an economic lifeline to struggling Americans and to help the minority communities.

Dow futures remain flat ahead of the historic vote on whether to impeach President Donald Trump.

Wall Street futures edge higher but cautiously as the markets are weighing the political turmoil that has engulfed Washington.