FILE PHOTO: Traders wear masks as they work on the floor of the New York Stock Exchange as the outbreak of the coronavirus disease continues in the Manhattan borough of New York, U.S., May 28, 2020. REUTERS/Lucas Jackson
Talks were expected to continue on a COVID-19 stimulus package, even though U.S. House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin failed on Friday to reach agreement. Mnuchin floated a new proposal Friday afternoon, but an aide for Pelosi said it lacked a broad plan to contain the pandemic.
Recent trading on Wall Street has been dictated by headlines on fiscal aid, with the three main indexes tumbling on Tuesday after U.S. President Donald Trump called off negotiations. He has since indicated he was willing to resume discussions. “The market’s reacting well to Trump’s sudden turnaround in terms of a support package,” said Tim Ghriskey, chief investment strategist at Inverness Counsel in New York, New York. “A lot of this has been politics, but a lot of people believe the economy really needs some economic support here, so that’s a good thing.”
Stock markets got this locked in if they can get home Moscow Mitch to throw another trillion dollars are away and covid Trump to join in just think of the profit.👹👹
... and this is not because they think Biden Harris are likely to win. On the contrary.
This does not reflect real ppl.
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Wall Street ends higher on hope that partial coronavirus stimulus deal may occurStocks bounced back sharply after an abrupt change in direction. President Donald Trump lifted investors’ hopes for at least some more fiscal stimulus realDonaldTrump $1200 stimulus alone is not going to sustain the unemployed. Millions of unemployed due to Covid need relief! We aren’t looking for “hand out”, it’s money that we contributed! You try &bully us w/ your politics, relief post election?It’s our money! How dare you. How much are his people making? Next administration needs to look at trade timelines. WHEN WAS THIS?
Source: Reuters - 🏆 2. / 97 Read more »
Stocks climb again on Wall Street with hopes for stimulusStocks open higher on Wall Street as hope remains that Washington can approve more aid for the economy. A new report suggested the pace of layoffs is slowing a bit, though it remains historically high. When the stock market has lost touch with reality and only serves the elite. The tweet above and below this in my feed are about more massive layoffs. VoteTrumpOut Trump's waffling back and forth on stimulus must mean that he's manipulating the stock market again. I hope the right people are watching....
Source: AP - 🏆 728. / 51 Read more »
Stocks climb again on Wall Street with hopes for stimulusStocks rose for the second day in a row Thursday, reflecting hope on Wall Street that Washington can approve more aid for the economy and encouragement from a report that suggests the pace of layoffs is slowing a bit, even though it remains incredibly high. Tomorrow: Stocks drop again on Wall Street with sadness for no stimulus. hopes? what about the normal classes hopes? what about the normal classes. trump boosted his drug co’s for some more layaway. nov a huge crash is coming...
Source: latimes - 🏆 11. / 82 Read more »