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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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