Oskaloosa News Recap For December 18th, 2020
National and World News
Stocks continued to climb on Thursday as the Dow added 148 points, the Nasdaq gained 106 points and the S&P increased 21 points.
Markets and investors continue to bet heavily on a new economic stimulus package reportedly valued at 908 billion dollars. Congressional leaders on both sides say a deal imminent.
New first time jobless claims data missed expectations for the second week in a row. Initial claimants totaled 885,000 while 818,000 were forecast.
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Winter Storm Gail hit NYC midweek bringing about a foot of snow and freezing rain to the area. Temperatures dropped to 27 degrees and winds reached up to 35 mph.