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Impeachment has forced Wall Street onto the sidelines

January 14, 2021. Summarized by summa-bot.

Compression ratio: 19.8%. 1 min read.

Stocks rallied to record highs as a mob descended on the US Capitol. But now that President Donald Trump has become the first American president in history to be impeached twice, investors are taking a moment to recalibrate.

"The stock market only cares about the direction of the economy, earnings, interest rates and the actions of the Fed," Peter Boockvar, chief investment officer at Bleakley Advisory Group, said in an email.

Wall Street is cheering after Intel (INTC) said it had replaced CEO Bob Swan after a rocky two-year run.

In the meantime, AMD (AMD) stole market share in the key PC and data center markets, while Nvidia (NVDA) invested heavily in AI, my CNN Business colleagues Clare Duffy and Jordan Valinsky report.

The pitch: The chain said Wednesday that it will give its workers a one-time payment — equivalent to four hours of pay — after receiving a completed vaccination, my CNN Business colleague Nathaniel Meyersohn reports.

"We do not want our employees to have to choose between receiving a vaccine or coming to work," Dollar General said in a press release, noting that its hourly workers face hurdles to getting vaccinated, such as travel time, gas mileage or childcare needs.

That said: The company, which had 157,000 employees as of Oct. 30, called getting a vaccine a "personal decision" and said it wouldn't require it.

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