The Dow Jones Industrial Average rose to an all-time high on Wednesday, with investors optimistic about the prospects of additional fiscal stimulus as results from the runoff elections in Georgia rolled in.

The S&P 500 advanced 0.6% to 3,748.14 and hit an intraday record. 

Stocks closed off their highs, and the CBOE Volatility Index, a gauge of investor fear, moved higher heading into the close, as protesters stormed the Capitol just after lawmakers met to count the Electoral College votes and declare Joe Biden the presidential election winner. Still, the Dow and S&P 500 closed solidly higher on the day and Treasurys, normally a safety trade, declined.

The 10-year Treasury note yield topped 1% for the first time since March. At market close, the benchmark rate was at 1.03%. Yields move inversely to prices.

Bed Bath & Beyond, Constellation Brands, Walgreens Boots Alliance and Conagra report quarterly earnings before the bell on Thursday. Chipmaker Micron reports after the bell.

Plan A : Short if market failed to support above 3734. Targets are 3708 and 3682.

Plan B : Long if market doesn't retrace much and supported firm above 3734. Targets are 3751 and 3765.

E-Mini Nasdaq

U.S. stock futures rose in early morning trading on Thursday as investors digested the likely event of a Democratic held Congress and continued to look past riots at the U.S. Capitol.

The tech-heavy Nasdaq Composite closed lower by 0.6%. The Nasdaq Composite was the relative underperformer, dipping 0.6% as Facebook, Amazon, Apple, Netflix and Google-parent Alphabet all closed lower.

During Wednesday’s trading session, markets were largely unaffected by the chaos in Washington caused by pro-Trump rioters at the U.S. Capitol. 

Wednesday evening, the Capitol building was secured and Congress reconvened to continue the process to confirm Biden's win. Senate Majority Leader Mitch McConnell said the Senate will certify the winner of the 2020 election Wednesday night.

The Labor Department releases last week’s jobless claims at 8:30 a.m. on Thursday. Economists polled by Dow Jones are expecting 815,000 Americans filed for unemployment last week, compared to the previous week’s 787,000 claims.

Plan A : Long if market doesn't retrace much and supported firm above 12647. Targets are 12678, 12709 and 12738.

Plan B : Short if market failed to support above 12647. Targets are 12604, 12565 and 12524.

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