'Stock market up big': Wall Street recovers more losses on hopes of a stimulus

  • 📰 USATODAY
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 63%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

U.S. stocks surged higher Monday on reports that negotiators were making progress on a new stimulus package, adding to earlier gains driven by President Donald Trump’s improved health.

"It's all about uncertainty," says Brad McMillan, chief investment officer at Commonwealth Financial Network, adding that Trump's fight with the potentially deadly disease stoked fears that an election that already faces possible delays could be drawn out further."As that fear starts to fade, buyers are coming back in."

Late last week, Pelosi said she asked airlines to hold off on more than 30,000 furloughs while negotiations continued. Doctors described Trump's health as improved over the weekend, and the president waved to supporters from the back seat of an SUV outside Walter Reed medical center. Still, his condition remains clouded in uncertainty.

Stocks got an immediate lift Friday afternoon after Pelosi told airline executives to stop the furloughs of tens of thousands of workers because aid for the industry was “imminent,” either as a stand-alone effort or as part of a wider rescue package. A stand-alone bill for airlines failed to advance in the House on Friday, but hopes remain for a larger effort.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 100. in AU
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Hello,Jesus is the son of God he helped people doing his era now i want to share what God has given and blessed me with.I help people through there bills because I know the society at large needs help and that is what I’m making donations to people who needs financial support.

If I were to give you $10,000, what would you spend it on? Food? Clothes ? Your kids? Credit Card Debts? Student Loans? Family? Medical bills? Student Loans? Giving to charity? I'm gonna bless a few people who Like & Retweet. (Must be following me so I can DM you)

Why do you keep giving this monster free advertising? 207,000 dead...

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Wall Street's top analysts are unanimously bullish on stocks like Amazon and CarMaxTipRanks analyst ranking service pinpoints Wall Street's best-performing stocks, like Amazon and CarMax. No surprise there Big boys scam, sucking in buyers so they can sell lol
Source: CNBC - 🏆 12. / 72 Read more »