US stocks climb at open as stimulus deadline nears | Malay Mail

  • 📰 malaymail
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 86%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

NEW YORK, Oct 20 — A looming deadline for Washington policymakers to agree on a long-awaited US stimulus bill today did not deter Wall Street traders from pushing major indices up at the open. Shares dropped sharply yesterday, but about 40 minutes into trading, the benchmark Dow Jones Industrial...

The broad-based S&P 500 gained 0.9 per cent to 3,458.65 while the tech-rich Nasdaq rose 0.9 per cent to 11,582.07. — Reuters pic

Shares dropped sharply yesterday, but about 40 minutes into trading, the benchmark Dow Jones Industrial Average was up 0.8 per cent to 28,433.59. Negotiations on a spending package to follow up on the US$2.2 trillion CARES Act and aid the coronavirus-ravaged US economy have dragged on for months, and House Speaker Nancy Pelosi on Sunday gave a 48-hour deadline for negotiators to finalize a deal if it is to be passed before the November 3 election.

McConnell yesterday said Senate lawmakers would vote on a more narrow, US$500 billion measure to support small businesses but Democrats were sure to block the proposal.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market boom, new listings mint China billionaires at record pace | Malay MailSHANGHAI, Oct 20 — China is minting new billionaires at a record pace despite an economy bruised by the coronavirus pandemic, thanks to booming share prices and a spate of new stock listings, according to a list released today. The Hurun China Rich List 2020 also highlights China’s accelerated...
Source: malaymail - 🏆 1. / 86 Read more »