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anonymous

Wall St at record levels after Trump signs fiscal aid bill | Reuters - 0 views

www.reuters.com/...-fiscal-aid-bill-idUSKBN292101

trump economy covid-19 reliefbill spendingbill

shared by anonymous on 28 Dec 20 - No Cached
  • Wall Street’s main indexes were trading at record levels on Monday as President Donald Trump’s signing of a long-awaited $2.3 trillion pandemic aid bill bolstered bets on an economic recovery.
  • In a sudden reversal late on Sunday, Trump backed down from his threat to block the hard-fought bill, restoring unemployment benefits to millions of Americans and averted a federal government shutdown.
  • erasing some fears and investors are relieved that there is help out there,
  • ...6 more annotations...
  • The S&P 1500 airlines index added 1.5% as carriers are set to receive $15 billion in addition payroll assistance under the new government aid.
  • Ten of the 11 major S&P sectors were higher
  • After a sharp recovery from a coronavirus crash in March, the S&P 500 is on track to rise more than 15% this year
  • it appears unlikely to gain traction in the Republican-controlled Senate.
  • will put to vote a proposal for higher pandemic relief payments
  • Britain and the European Union clinched a lean post-Brexit trade deal on Thursday, while the launch of a mass COVID-19 vaccination drive in Europe over the weekend added to the upbeat mood.
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