Stocks close higher after Pelosi points to progress on coronavirus stimulus talks, banks lead gain

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Stocks close higher after Pelosi points to progress on coronavirus stimulus talks, banks lead gain.

Banks led the gains on Thursday as the 10-year Treasury yield hit a four-month high. JPMorgan Chase and Morgan Stanley popped 3.5% and 2.8%, respectively. Citigroup advanced 2.2%.." She also said: "If we were not making progress, I wouldn't spend five seconds in these conversations. … This is not anything other than I think a serious attempt. I do believe that both sides want to reach an agreement.

To be sure, Pelosi noted that both sides have yet to reach an agreement on certain key issues, including state and local funding. She also cautioned it could take "a while" for lawmakers to actually write and vote on any aid bill. "With no clear end to the pandemic in sight, the economy needs additional fiscal support that will last for several months," Prajakta Bhide, a strategist at MRB Partners, said in a note. "The passing of a sizeable additional fiscal stimulus by the beginning of next year, and better control over the COVID-19 pandemic next year via the timely approval of a medical solution will be essential to ensure continued economic growth next year.

 

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Nice that's she's willing to no longer hold Americans hostage in fear it could make Trump look good.

Deliberate political drama being played out. Dems are just holding out. Will not pass anything but keep on talking otherwise will make republicans agree to something which senate won’t pass

TRUMP2020ToSaveAmerica

I'm an idiot. I pulled out of banks too soon. liveandlearn

Who fucking cares?

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Source: BusinessInsider - 🏆 729. / 51 Read more »

Stocks close slightly lower as coronavirus stimulus talks continueStocks closed lower today as House Speaker Pelosi and Treasury Sec. Mnuchin continued negotiations on a new stimulus package. The Dow fell 0.35%. The S&P 500 slid 0.23%. The Nasdaq dropped 0.28%. Mental harassment by GENPACT, Bengaluru, India AI cloud Google Automation RPA Blog fintech banking bigdata DataScientist DataMining DevOps Analytics insurance NYSE NASDAQ NASSCOM atmanirbhar BidenHarris2020 accenture ibm dell wipro Cue Government in Turmoil segment to turn everything around. video on it here. Draw your own conclusions
Source: CNBC - 🏆 12. / 72 Read more »