, that would increase checks to $2,000 from $600. McConnell then tied the payments hike to demands from President Donald Trump on tech and the election."While we're happy with the stimulus that we have thus far, it's likely that we're going to need additional stimulus because the rising Covid cases will likely lead to more regional lockdowns after the holidays," said Megan Horneman, director of portfolio strategy at Verdence Capital Advisors.
With just two trading days left in the year, the major averages were on track to end 2020 higher. The Dow up nearly 7% for the year, while the S&P 500 has gained 15.8%. Despite some recent selling pressure, the Russell 2000 is still up 19% for the year."We expect strong economic growth to reemerge in 2021 in the wake of headwinds from the pandemic in 2020 and the U.S.-China trade war in 2019," said Doug Rao, portfolio manager at Janus Henderson Investors.
"While leadership has thus far been narrow – limited mostly to the digital economy – we foresee a broadening recovery as vaccines are widely implemented and consumers are able to reengage with the physical economy," he added.for exclusive insights and analysis, and live business day programming from around the world.