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S&P 500, Dow at record levels on fiscal aid relief, vaccine optimism

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NEW YORK (Reuters) -U.S. stocks edged lower on Tuesday in choppy trading after hitting record highs, as investors worried about the path of economic reopening and whether the Senate would authorize additional pandemic aid checks.
Modest gains in early trading brought stocks to an intraday record, but the advance evaporated after U.S. Senate Majority Leader Mitch McConnell blocked immediate consideration of the measure calling for an increase in stimulus payments from $600 to $2,000. Final passage of the proposal would require 60 votes and the backing of a dozen Republicans.
McConnell said the chamber would address the increased payments this week along with limits on big technology companies and election integrity. ....

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Nasdaq lags S&P, Dow as big tech weighs

Nasdaq lags S&P, Dow as big tech weighs
channelnewsasia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from channelnewsasia.com Daily Mail and Mail on Sunday newspapers.

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U.S. Stock ETFs Strengthen as the Focus Shifts to the Economic Recovery

U.S. Stock ETFs Strengthen as the Focus Shifts to the Economic Recovery
December 23, 2020
U.S. markets and stock exchange traded funds gained Wednesday as investors tried to look past the coronavirus woes and towards the economic recovery process.
On Wednesday, the
Investors seemed to have brushed off threats from President Donald Trump to pass on an $892 billion Covid-19 relief bill, which he believed should include a higher dollar amount for individual stimulus checks, Reuters reports.
“Either we’ll get exactly what was passed, which is very positive for the economy, or we’ll get something even bigger and the market likes it either way,” Thomas Hayes, managing member at Great Hill Capital Llc, told Reuters. ....

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Wall Street cheered by vaccine roll-out, mega M&A activity

Wall Street cheered by vaccine roll-out, mega M&A activity
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Wall St headed higher as travel stocks rally on vaccine roll-out

Wall St headed higher as travel stocks rally on vaccine roll-out
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Wall St headed higher as travel stocks rally on vaccine roll-out
Wall Street s main indexes were set for a strong open on Monday as travel stocks surged on the launch of a nationwide COVID-19 vaccine campaign, while Alexion Pharmaceuticals jumped following a bumper buyout offer from Britain s AstraZeneca.
FILE PHOTO: Raindrops hang on a sign for Wall Street outside the New York Stock Exchange in Manhattan in New York City, New York, U.S., October 26, 2020. REUTERS/Mike Segar
14 Dec 2020 10:07PM
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REUTERS: Wall Street s main indexes were set for a strong open on Monday as travel stocks surged on the launch of a nationwide COVID-19 vaccine campaign, while Alexion Pharmaceuticals jumped following a bumper buyout offer from Britain s AstraZeneca. ....

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