As Biden laid out a $1.8 trillion social-support package, Asian stocks soared and US equity futures expanded gains driven by strong earnings from technology heavyweights.
Some key comments from Biden during his address to Congress:

- The US will fight unequal trading policies such as state-owned enterprise subsidies and piracy of US technology and IP.
- I told China’s Pres. Xi the US will keep a strong military presence in the indo-pacific, as it does with NATO in Europe.
- Biden wants Congress to pass a $15 an hour minimum wage.
- It's time for the top 1% of Americans to pay a fair share.
- The Internal Revenue Service will go after millionaires and billionaires.

OPEC+'s optimistic market forecast boosted crude oil prices, considering the pressure posed by India's COVID crisis.
S&P 500 and Nasdaq 100 contracts were in the green, with the latter outperforming after Apple beat revenue expectations and Facebook posted gains in revenues and usage growth. Hong Kong's stock market outperformed, as did South Korea's and Australia's.
The dollar dropped even more after the Federal Reserve said it isn't ready to reduce policy support. Treasuries rallied in the United States after the Federal Reserve said it would keep buying assets and that inflation pressures are likely to be "transitory."