"It seems like both sides have dug in," said Art Hogan, chief market strategist at National Securities, who added that the market had priced in a fiscal package of around US$1.5 trillion that still shows no signs of coming to fruition.
President Donald Trump has insisted that a vaccine will be ready by October, contradicting Centres for Disease Control and Prevention director Robert Redfield, who said on Wednesday one would not be widely available until well into 2021.
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