Tuesday, October 20, 2020

US stocks soars after shutdown fears averted

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Zubair Yaqoob
Zubair Yaqoob
The author has diversified experience in investigative journalism. He is Chief content editor at wnobserver.com He can be reached at: [email protected]

US stocks ended higher Tuesday after US lawmakers reached a cautious agreement to avoid another government shutdown before the end of the week.

The deal includes just $1.375 billion but not on $5,7 billion. Trump said he was not “thrilled” with the agreement, but didn’t refused to sign it.

Furthermore, investors prepared for the appetite from trade negotiations in Beijing, with Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer set to visit China on Thursday for high-level talks.

The Dow Jones Industrial Average rose 1,49% to 25,426 after gaining 373 points.

At Dow, semiconductor stocks picked the gains during Tuesday trade.

Standard & Poor’s 500 SPX up by 1.29% to 2,745, and Nasdaq rose 1.46% closed at 7.415.

Zubair Yaqoob
Zubair Yaqoob
The author has diversified experience in investigative journalism. He is Chief content editor at wnobserver.com He can be reached at: [email protected]

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