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LONDON: Stocks rose on Wednesday as a last-minute intervention by US President Donald Trump over pandemic relief plans failed to wipe out positive sentiment, while the pound gained on the possibility of a Brexit trade deal. In a video posted on Twitter, Trump said a stimulus bill, agreed after months of wrangling in Congress, was “a disgrace” and that he wanted to increase “ridiculously low” $600 checks for individuals to $2,000. The possibility of a delay to long-awaited and hard-fought spending plans sent US S&P 500 futures down in Asia, but they later recovered and were trading up...

Article content The possibility of a delay to long-awaited and hard-fought spending plans sent U.S. S&P 500 futures down in Asia, but they later recovered and were trading up 0.25 per cent. “The market is betting on a fiscal deal coming through even if Trump is making noise about it,” said Peter Garnry, head of Equity Strategy Saxo Bank in Copenhagen. The stimulus bill could be amended if the congressional leadership wants to do so, and if they don’t, Trump’s choices are to sign the bill into law, veto it, or do nothing and let it become law.

Dow Slips Amid New Travel Curbs 12/22/2020 | 11:12am EDT Send by mail : Message : By Caitlin Ostroff The Dow Jones Industrial Average slipped Tuesday as concerns about elevated Covid-19 infection levels and a new strain of the virus in England overshadowed Congress' approval of a Covid-19 relief package. The blue-chip index lost about 130 points, or 0.4%, shortly after the opening bell. The S&P 500 hovered between small gains and losses, and the tech-heavy Nasdaq Composite, in contrast, rose 0.4%. Much of the stock market has lost steam this week as some nations began taking...

Provided by Dow Jones By Caitlin Ostroff and Caitlin McCabe U.S. stocks fell Tuesday as concerns about elevated Covid-19 infection levels and a new strain of the virus in Europe overshadowed Congress' approval of a Covid-19 relief package. The Dow Jones Industrial Average tumbled about 150 points, or 0.5%. The S&P 500 fell 0.3%, on track to extend it losses for a third day. The tech-heavy Nasdaq Composite slid 0.2% after trading higher Tuesday morning. Much of the stock market has lost steam this week as some nations began taking steps to curtail tra...

Provided by Dow Jones By Caitlin Ostroff U.S. stock futures wobbled Tuesday as investors took stock of elevated Covid-19 infection levels, the rollout of vaccines and measures to curtail the spread of a new strain of the virus. Futures tied to the S&P 500 wavered between gains and losses, suggesting the benchmark gauge may be choppy in trading after the New York opening bell. Futures tied to the technology-focused Nasdaq-100 index gained 0.4%. Stocks have lost steam this week as a number of nations began taking steps to curtail travel in an effort to conta...