US: Stocks close higher despite Trump virus uncertainty

📆 10/5/2020 8:06 PM
📰 BusinessTimes

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[NEW YORK] Wall Street stocks marched higher on Monday to end with solid gains as investors appeared unphased by US President Donald Trump's battle with Covid-19. Read more at The Business Times.

"Renewed hopes of a bipartisan fiscal stimulus agreement are also lifting the mood, while indications that Democratic presidential nominee Joe Biden has widened his lead in the polls is reducing concern over the possibility of a contested November election," Wells Fargo Advisors said in a note.

The two sides have been negotiating for weeks over a follow-up package to the US$2.2 trillion CARES Act passed as the coronavirus pandemic erupted earlier this year.

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