Provided by Dow Jones
By Joe Wallace U.S. stocks rose to record levels Thursday as lawmakers closed in on a deal to extend a new financial lifeline to businesses and individuals that could support the economy through the coronavirus pandemic s deadliest phase. All three major stock benchmarks hit intraday highs in early trading. The Dow Jones Industrial Average added more than 160 points soon after the opening bell, rising to a high of about 30324 before fading a bit to trade 118 points higher. The S&P 500 added 0.4%. The Nasdaq Composite also rose, gaining 0.5%. Congressional leaders on Wednesday closed in on a roughly $900 billion coronavirus relief deal that includes another round of direct payments to households. After months of gridlock, the emerging agreement represented a breakthrough at a critical time in the pandemic, with vaccine distribution under way but hospitalizations hitting record highs.
Provided by Dow Jones
By Joe Wallace U.S. stock futures rose Thursday as investors cheered signs of progress toward a fresh stimulus package that could support the economy through a potential winter slowdown. Futures tied to the S&P 500 rose 0.5%, suggesting the benchmark stocks gauge may rise for a third-straight day at the opening bell. The S&P 500 closed at its second-highest level ever on Wednesday. Futures tied to the technology-focused Nasdaq-100 also rose 0.5%. Congressional leaders on Wednesday closed in on a roughly $900 billion coronavirus relief deal that includes another round of direct payments to households. After months of gridlock, the emerging agreement represented a breakthrough at a critical time in the pandemic, with vaccine distribution under way but hospitalizations hitting record highs.
Provided by Dow Jones
By Joe Wallace U.S. stock futures rose and the dollar dropped on Thursday as investors cheered signs of progress toward a fresh stimulus package that could support the economy through a potential winter slowdown. Futures tied to the S&P 500 rose 0.5%, suggesting the benchmark stocks gauge may rise for a third straight day at the opening bell. The S&P 500 closed at its second-highest level ever Wednesday. Futures tied to the technology-focused Nasdaq-100 also rose 0.5%. Congressional leaders on Wednesday closed in on a roughly $900 billion coronavirus relief deal that includes another round of direct payments to households. After months of gridlock, the emerging agreement represented a breakthrough at a critical time in the pandemic, with vaccine distribution under way but hospitalizations hitting record highs.
Provided by Dow Jones
By Joe Wallace U.S. stocks rose and the dollar dropped on Thursday as investors cheered signs of progress toward a fresh stimulus package that could support the economy through a potential winter slowdown. The S&P 500 opened 0.6% higher, suggesting the benchmark stocks gauge may rise for a third straight day. The S&P 500 closed at its second-highest level ever Wednesday. The technology-focused Nasdaq Composite Index rose 0.5%, while the Dow Jones Industrial Average added 150 points, or 0.5%. Congressional leaders on Wednesday closed in on a roughly $900 billion coronavirus relief deal that includes another round of direct payments to households. After months of gridlock, the emerging agreement represented a breakthrough at a critical time in the pandemic, with vaccine distribution under way but hospitalizations hitting record highs.