US stocks gain on latest Trump comment on stimulus | Malay Mail

📆 10/8/2020 3:45 AM
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NEW YORK, Oct 7 — US stocks rose early today after President Donald Trump partially reversed his move to end talks on a fiscal package and called for stimulus payments, among other targeted initiatives. About 15 minutes into trading, the Dow Jones Industrial Average was up 1.3 per cent at...

About 15 minutes into trading, the Dow Jones Industrial Average was up 1.3 per cent at 28,134.71. — Reuters pic

Trump yesterday said he was directing his staff to end the talks, accusing House Speaker Nancy Pelosi of negotiating in bad faith and saying the measure would be taken up after the election. White House economic advisor Larry Kudlow told CNBC today that Trump backed targeted measures, adding, “I don’t think the recovery depends on the massive assistance package.”

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