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Added on the 23/10/2020 15:57:17 - Copyright : Wochit
The closing bell rings at the New York Stock Exchange as Wall Street stocks cap a strong week with fresh records, fueled by optimism over more fiscal stimulus spending and progress on coronavirus vaccines. IMAGES
US stocks dipped slightly on Wednesday as investors weighed the latest stimulus talk developments. House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin failed to reach a deal before the deadline. According to Business Insider, the two are now working to finalize a proposal before the weekend. Senate Democrats rejected Republicans' $500 billion "skinny bill," leaving both parties stuck in a deadlock. Disagreements over a relief bill are still significant between the Republicans and Democrats. The White House recently offered a $1.9 trillion bill, coming in well below Democrats' $2.2 trillion package.
Images of the opening bell ringing at the New York Stock Exchange. Wall Street stocks rose early as the Federal Reserve unveiled another round of massive stimulus even as another 6.6 million US workers filed jobless claims spiked due to business closures to counter the coronavirus. IMAGES
Wall Street stocks open higher following Senate passage of a massive stimulus bill as the government reports an unprecedented surge in US jobless claims. IMAGES
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