U.S. stocks edged higher at the start of Thursday's holiday-shortened session as investors eyed the prospect of a fiscal aid package before the end of the year. The Dow Jones Industrial Average DJIA, +0.07% was up 69 points, or 0.2%, to 30,199. The Nasdaq Composite COMP, +0.44% rose 0.3% to 12,806. The S&P 500 SPX, +0.18% added 0.
3% to 3,700. President Donald Trump objected to the pandemic aid bill passed in Congress for not including sufficient direct payments to households this week. Shares of Alibaba Group BABA, -11.89% were in focus amid reports that Chinese regulators on Thursday were pursuing an antimonopoly investigation against the Chinese e-commerce giant.
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