US: Stocks rise as market eyes stimulus after bad jobs data

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[NEW YORK] Wall Street stocks added to records early Friday as markets undeterred by weak jobs data and disturbing US coronavirus trends amid rising prospects for more government stimulus. Read more at The Business Times.

All three major indices finished at records on Thursday, again shrugging off the fallout from Wednesday's chaos on Capitol Hill, when supporters of outgoing President Donald Trump attacked and occupied the US Capitol for hours in an effort to overturn the election."The markets seem to remain buoyed by clarity on the political front after a drawn-out election process that culminated with the disturbing violence at the Capitol this week," Schwab analysts said in a note.

Among individual companies, Boeing fell 0.5 per cent after it agreed Thursday to pay US$2.5 billion in fines, settling a US criminal charge over claims the company defrauded federal regulators overseeing the 737 MAX, which was grounded worldwide following two deadly crashes.For daily updates on weekdays and specially selected content for the weekend. Subscribe to

 

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