US stocks mostly rise despite Trump threat to stimulus bill | Malay Mail

The broad-based S&P 500 gained 0.5 per cent to 3,705.59, while the tech-rich Nasdaq Composite Index slipped 0.1 per cent to 12,792.23. — Reuters pic

Trump, in a taped message on Twitter, slammed the US$900 billion economic package as a “disgrace” and called for stimulus payments to be raised to US$2,000 from US$600, raising the possibility he could veto the long-debated measure. The market “was happy with the agreed-upon deal,” said Briefing.com analyst Patrick O’Hare. “If the direct stimulus payment was ultimately increased to US$2,000, it would simply make the market happier ”The broad-based S&P 500 gained 0.5 per cent to 3,705.59, while the tech-rich Nasdaq Composite Index slipped 0.1 per cent to 12,792.23.

Still, the figures remain very high by historical standards and analysts warn the reports can be erratic due to seasonal adjustment errors around the holidays.

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.

US stocks open lower on UK Covid-19 spike despite US stimulus | Malay MailNEW YORK, Dec 21 — Wall Street stocks opened lower today as worries over a new highly-infectious strain of Covid-19 in Britain offset optimism from agreement on a long-delayed US stimulus bill. About 15 minutes into trading, the Dow Jones Industrial Average was down 0.6 per cent to...
Source: malaymail - 🏆 1. / 86 Read more »