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Dec 18 2020, 4:43 AM
December 17 2020, 3:17 AM
December 18 2020, 4:43 AM
(Bloomberg) U.S. stocks notched a solid gain to close at all-time highs, even as lawmakers continue to wrangle over a federal-spending deal.
(Bloomberg) U.S. stocks notched a solid gain to close at all-time highs, even as lawmakers continue to wrangle over a federal-spending deal.
The S&P 500 climbed for a third day, even with Republicans and Democrats still unable to reach an agreement that would assist millions of Americans who face losing virus-era assistance later this month. Investors earlier took an unexpectedly large rise in jobless claims as a sign the two sides would be prodded toward a deal. The dollar slumped, Treasury yields rose and oil advanced. Bitcoin breached $23,000 for the first time.
U.S. stocks rise to records as lawmakers wrangle over aid
Cecile Gutscher and Claire Ballentine, Bloomberg News
BNN Bloomberg s closing bell update: December 17, 2020 VIDEO SIGN OUT
The dollar fell and U.S. stocks rose to all-time highs as lawmakers continued to wrangle over a federal-spending deal in Washington. Asian equities looked set for a mixed start.
Futures were little changed in Japan and Australian shares retreated. S&P 500 contracts were little changed after the index climbed for a third day. A bipartisan U.S. stimulus deal âappears to be close at hand,â Senate Majority Leader Mitch McConnell said, but will probably require work over the weekend to get through Congress. Investors earlier took an unexpectedly large rise in jobless claims as a sign the two sides would be prodded toward an agreement. Treasury yields rose.
U.S. stocks rise to records as lawmakers wrangle over aid
Cecile Gutscher and Claire Ballentine, Bloomberg News
BNN Bloomberg s closing bell update: December 17, 2020 VIDEO SIGN OUT
The dollar fell and U.S. stocks rose to all-time highs as lawmakers continued to wrangle over a federal-spending deal in Washington. Asian equities looked set for a mixed start.
Futures were little changed in Japan and Australian shares retreated. S&P 500 contracts were little changed after the index climbed for a third day. A bipartisan U.S. stimulus deal âappears to be close at hand,â Senate Majority Leader Mitch McConnell said, but will probably require work over the weekend to get through Congress. Investors earlier took an unexpectedly large rise in jobless claims as a sign the two sides would be prodded toward an agreement. Treasury yields rose.
U.S. stocks rise to records as lawmakers wrangle over aid
Cecile Gutscher and Claire Ballentine, Bloomberg News
BNN Bloomberg s closing bell update: December 17, 2020 VIDEO SIGN OUT
The dollar fell and U.S. stocks rose to all-time highs as lawmakers continued to wrangle over a federal-spending deal in Washington. Asian equities looked set for a mixed start.
Futures were little changed in Japan and Australian shares retreated. S&P 500 contracts were little changed after the index climbed for a third day. A bipartisan U.S. stimulus deal âappears to be close at hand,â Senate Majority Leader Mitch McConnell said, but will probably require work over the weekend to get through Congress. Investors earlier took an unexpectedly large rise in jobless claims as a sign the two sides would be prodded toward an agreement. Treasury yields rose.