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Trump Adds Stimulus Confusion to Year-End Investor Calculus
Bloomberg 12/23/2020 Eric Lam and Ishika Mookerjee
(Bloomberg) President Donald Trump’s surprise request for changes to the $900 billion stimulus bill passed by Congress adds to a growing list of uncertainties for investors and may spur some to cash out, strategists said.
Markets reacted cautiously after Trump signaled he may not sign the aid package, demanding larger payouts and the removal of some elements of the bill. U.S. and European equity futures initially slid on the development but later recouped losses, while Asian stocks edged higher. S&P 500 contracts climbed 0.2% as of 8:55 a.m. in London.
Trump Adds Stimulus Confusion to Year-End Investor Calculus
Bloomberg 12/23/2020 Eric Lam and Ishika Mookerjee
(Bloomberg) President Donald Trump’s surprise request for changes to the $900 billion stimulus bill passed by Congress adds to a growing list of uncertainties for investors and may spur some to cash out, strategists said.
Markets reacted cautiously after Trump signaled he may not sign the aid package, demanding larger payouts and the removal of some elements of the bill. U.S. and European equity futures initially slid on the development but later recouped losses, while Asian stocks edged higher. S&P 500 contracts climbed 0.2% as of 8:55 a.m. in London.