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Added on the 11/10/2016 23:02:23 - Copyright : Reuters EN
The closing bell rings at the New York Stock Exchange as major Wall Street indices finish at fresh records, after disappointing US jobs data fueled confidence of continued fiscal and monetary support as the economy recovers from Covid-19. IMAGES
President Donald Trump on Saturday aimed a large dose of spleen at the US Supreme Court. According to Business Insider, Trump's latest outburst stems from his loss to now President-elect Joe Biden in the 2020 election. Trump and his campaign's legal team have so far lost all attempts made at reversing the election result. Trump said he had 'PROOF' of widespread fraud in the 2020 election, but did not provide any such evidence. During his tenure, Trump successfully nominated three justices to the court: Justices Neil Gorsuch, Brett Kavanaugh, and Amy Coney Barrett in 2020. But now, he counts them among the rest of the Supreme Court justices as 'totally incompetent' and 'weak.'
On Monday, US stocks rallied as investors bet on the distribution of Pfizer's COVID-19 vaccine and stimulus progress to lift the economy. According to Business Insider, a bipartisan $908 billion stimulus proposal is set to be formally unveiled on Monday. One package will include $748 billion in funds for highly supported measures. A smaller package including more controversial state and local government aid and liability protections for businesses. On Monday, Pfizer and BioNTech will deliver their coronavirus vaccine. Oil prices ticked higher after a tanker exploded in a Saudi Arabian port. West Texas Intermediate crude gained as much as 1.9%, to $47.44 per barrel.
The closing bell rings at the New York Stock Exchange as the Dow concludes its best month in more than three decades, with gains propelled by expectations for a 2021 recovery based on coronavirus vaccine progress. The blue-chip index suffered a 0.9 percent drop in the session to finish at 29,638.64, but that's nearly a 12 percent gain for all of November, making it the best month since January 1987. The broad-based S&P 500 dropped 0.5 percent to 3,621.63, while the tech-rich Nasdaq Composite Index slipped 0.1 percent to 12,198.74. IMAGES
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