Wall Street ends choppy session higher on mixed earnings, U.S. stimulus debate

The major stock indexes oscillated for much of the day but ended in the black. The Nasdaq had the smallest gain, capped by a 1.2% drop in Amazon.com Inc shares.

“Investors are starving for income and they can’t get that in the bond market so they’re looking to equities,” said Peter Cardillo, chief market economist at Spartan Capital Securities in New York. “But even though the averages are going up, investors seem to be growing more cautious.” Congressional Democrats and Republicans remained divided on the details of a new stimulus package expected to cost $1 trillion or more, less than two weeks before extended benefits are due to expire for millions of unemployed Americans.

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أنهي سوق وول_ستريت يومه مرتفعا الأربعاء بعد جلسة متأرجحة حيث استوعب المستثمرون النتائج الربع سنوية المختلطة ومفاوضات تحفيز الاقتصاد المثيرة للجدل في واشنطن.

If the stock market close lower tomorrow, my prediction the headline would read something like “Due to renewed concern about Covid19, investors.....”.

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