Wall Street rises as investors watch stimulus, pandemic and earnings | Malay Mail

Tuesday, 28 Jul 2020 07:11 AM MYT

Netflix and Microsoft also gained, noted John Augustine, chief investment officer at Huntington National Bank in Columbus, Ohio, who said investors were buying stocks in the group, which fell in recent sessions. US Senate Republicans raced to complete details of a US$1 trillion coronavirus aid proposal before enhanced unemployment benefits expire on Friday. The aid proposal, which could involve a reduction in emergency federal weekly unemployment benefits from US$600 to US$200, would then need to be negotiated with Democrats.

Trillions of dollars in fiscal and monetary stimulus have been pivotal pushing the S&P 500 closer to its February record high. It ended yesterday’s session 4.3 per cent below the record.

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