News Formal

Here's what happened to the stock market on Tuesday

  • 📰 CNBC
  • ⏱ Reading Time:
  • 13 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 72%

United States News News

United States United States Latest News,United States United States Headlines

Expectations of a fiscal stimulus package passing through Congress gave stocks a massive lift off their lowest levels in more than three years.

House Speaker Nancy Pelosi told CNBC's Jim Cramer there is "real optimism" in Congress over a stimulus deal being reached. "We think the bill has moved sufficiently to the side of workers," she said.

Senate Minority Leader Chuck Schumer has also indicated he is hopeful a deal will be reached. Bottom line, investors cheered the apparent progress made in Washington. However, investors want to see the bill signed sooner rather than 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:

 /  🏆 12. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

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

Here's what happened to the stock market on MondayStocks fell as Senate lawmakers failed to push through a massive fiscal stimulus package through a key procedural hurdle. DemocratDepression is happening Boeing $BA is up nearly 12% pricing in a government bailout. smh Thanks Pelosi.
Source: CNBC - 🏆 12. / 72 Read more »

Boundless Fed bond-buying fuels stocks rebound, dollar recoilsGlobal equities rebounded on Tuesday, off near four-year lows, as investors pinned hopes on unprecedented stimulus steps by the U.S Federal Reserve and other policymakers to ease strains in financial markets
Source: Reuters - 🏆 2. / 97 Read more »