Wall Street closes wild year with Dow, S&P at records
STORMING BACK: In a year that saw the end of the longest bull market, the S&P 500 climbed 66 percent from its March low, resulting in the shortest bear market in history
Reuters, NEW YORK
US stocks ended a tumultuous year with the Dow Jones Industrial Average and the S&P 500 at records, as the three major US equity indexes notched solid-to-spectacular yearly gains despite an economy upended by the COVID-19 pandemic and as investors looked to a post-pandemic world.
In a year that marked the end of the longest bull market on record as pandemic-induced government lockdowns battered the global economy, equities stormed back, with the S&P 500 climbing more than 66 percent from its March 23 low, resulting in the shortest bear market in history.
Rebuking Trump, Republican-led Senate overrides defense bill veto metro.us - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from metro.us Daily Mail and Mail on Sunday newspapers.
Publishing date: Jan 01, 2021 • January 1, 2021 • 4 minute read • U.S. Sen. Majority Leader Mitch McConnell (R-KY), left, walks with U.S. Sen. John Cornyn (R-TX) from the Senate floor to his office after a vote on nomination of Brian Noland to be a Member of the Board of Directors of the Tennessee Valley Authority on Capitol Hill in Washington, D.C., Dec. 20, 2020. Photo by Ken Cedeno /REUTERS
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WASHINGTON President Donald Trump suffered a stinging rebuke in the U.S. Senate on Friday when fellow Republicans joined Democrats to override a presidential veto for the first time in his tenure, pushing through a defence policy bill he opposed just weeks before he leaves office.
U.S. Senate Majority Leader Mitch McConnell said on Wednesday that the Senate would not move quickly to consider a bill from the House of Representatives that would raise direct coronavirus relief payments to Americans from $600 to $2,000.
Gov. Andy Beshear backs others calls for larger federal stimulus checks
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WCPO Staff
Gov. Andy Beshear at a coronavirus press conference as total deaths surpassed 1,000 people on Sept. 9, 2020.
and last updated 2020-12-30 18:45:30-05
FRANKFORT, Ky. â Kentucky s governor has made a pointed plea for $2,000 COVID-19 relief checks.
Gov. Andy Beshear says the larger direct payments would pump an extra $5 billion into the stateâs virus-damaged economy. The Democrat on Tuesday sided with those wanting to go bigger as U.S. Senate Majority Leader Mitch McConnell weighs whether to take up legislation to more than triple the $600 checks for most Americans.