Stimulus hopes again, Apple hits record highs, house prices soar
December 29, 2020SharePrint
Wall Street higher on stimulus expectations
US stocks are rising once again on stimulus hopes. The House passed the bill to increase stimulus payments from USD600 to USD2000, clearing the 2/3 majority needed for passage as 44 Republicans voted alongside Democrats. The bill now goes to the Republican-controlled Senate and it is unclear what will happen next. Senate Majority Leader McConnell will have to decide if he will present this bill for a vote. Even if the effort for bigger checks fails now, the goalposts have been moved and the Biden administration will have a better chance of passing additional stimulus once he is inaugurated.
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