U. S. stocks rose Wednesday awaiting updates on the progress of stimulus agreements.
House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin did not meet Tuesday’s deadline and continue to resolve disputes over large budget support. The two are expected to continue negotiations on Wednesday in hopes of reaching an agreement before the weekend.
White House chief of staff Mark Meadows told CNBC that the administration and Democrats had recently made “good progress,” but “they still have a long way to go” before finalizing an agreement. Pelosi told reporters Tuesday that he is hopeful that Congress will be able to reach a stimulus agreement before Election Day.
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Disagreements over an emergency bill remain important. The White House recently submitted a $1. 8 trillion measure, well below the Democrats’ $2. 2 trillion package.
But Senate Republicans have resisted a trillion dollars and are about to put them to a vote. Democrats on Tuesday blocked the renewal of republicans’ pay-TV show in the Senate, leaving both sides trapped in the limbo of stimulus.
Wednesday’s lukewarm consultation followed a slight resumption of Tuesday’s operations after Pelosi’s encouraging comments. Investors largely ignored the government’s antitrust demand against Google and kept hoping for a short-term stimulus breakthrough.
Netflix crawled into the indices after its third-quarter report failed to meet Wall Street’s expectations. Quarterly subscriber additions of 2. 2 million fell below the estimate of 3. 3 million, and the profit was also disappointing.
The winning season may not be busy until Wednesday. Companies reporting quarterly figures come with Tesla, Chipotle, Verizon and CSX.
Spot gold won 1% to 1,926. 35 in intraday highs. The United States opposed its peers and treasury bond yields rose.
Oil futures fell after reports that U. S. crude oil inventories rose last week. West Texas Intermediate crude fell by up to $1. 6% to $40. 80 a barrel, while Brent crude oil benchmark fell by 2% to $42. 31 a barrel at intraday lows.
A fund manager who will double the festival in 2020 explains his strategy of making an investment in the economic recovery in ”K”, and the main points are the only 2 shares he added when he took off the market recovery.
The economy will be fine without further stimulus, but markets can sell strongly, says a leading strata
JPMorgan says the odds of elections in the U. S. They are declining, resulting in a controversial outcome that can hinder recovery and damage actions