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Dow Jones Industrial Average Rose as Stimulus Is Coming, Trump Veto or Not

President Donald Trump indicated he wanted more direct payments to households in the current fiscal-stimulus bill, but Congress can easily override any veto. Also, upbeat economic news in the form of lower-than-expected jobless claims lifted stocks. Stocks rose Wednesday even though President Donald Trump indicated he wanted more direct payments to households in the current fiscal-stimulus bill. The silver lining for investors: Congress can easily override any veto. Also, upbeat economic news in the form of lower-than-expected jobless claims lifted stocks. The Dow Jones Industrial Average rose 114.32 points, or 0.38% to close at 30,129.83. The S&P 500 rose 2.75 points, or 0.08% to end at 3,690.01, and the

Why Aren t Stocks Sweating Trump s COVID Stimulus Snub?

Why Aren t Stocks Sweating Trump s COVID Stimulus Snub? Kiplinger 12/23/2020 © Provided by Kiplinger President Donald Trump surprised most of America on Tuesday night when he spoke out against the $900 billion COVID stimulus bill recently approved by Congress, putting its full passage into question. And yet, the stock market barely budged Wednesday morning. Dow Jones Industrial Average, S&P 500 and Specifically, Trump didn t outright threaten to veto the plan, which includes $600 stimulus checks. But he did call it a disgrace and urged Congress to up the amount to $2,000 per American. He also rallied against unnecessary items from this legislation, seeming to confuse the coronavirus rescue package and the omnibus spending bill that was passed alongside it.

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