President Trump signed the stimulus and omnibus bill on Sunday. This funds the government through September 30th and provides multiple stimulus measures outlined below in our Dissecting Headlines section. For the week, the Dow Jones Industrial Average was +0.1%, the S&P 500 Index was –0.1%, and the NASDAQ 100 Index was –0.2%. Initial unemployment …
The initial rollout of an approved coronavirus vaccine helped boost markets last week, though a failure to reach an agreement on a stimulus plan by week’s end closed the week on a down note. The stimulus plan appears to have been resolved during weekend negotiations and a vote is set for as early as …
The previous week’s stimulus talks seem to have stalled as the week went on. This, coupled with an uptick in Initial Jobless Claims and COVID cases, pushed the equity market down from record highs. The Dow Jones Industrial Average was –0.5%, the S&P 500 Index was –0.9%, and the NASDAQ 100 Index was –1.2%. …
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