Dow rises 161 points as economic-stimulus talks show progress

SourceBusiness Insider
SectorEconomy
CountryMiddle east

Xinhua/Wang Ying/ Getty Images US stocks moved higher Friday on continued hope that negotiations on fiscal stimulus will lead to a deal before the election.House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin continued negotiations, trying to find middle ground on the size and scope of a new deal.President Donald Trump this week reversed his stance on a stimulus deal and said he now favors a large deal."Covid Relief Negotiations are moving along," Trump tweeted on Friday. "Go Big!"Watch major indexes update live here. US stocks moved higher on Friday as negotiations continued on another round of fiscal stimulus to combat the economic decline caused by the COVID-19 pandemic. House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin had been trying to make a deal before the November election, but President Donald ...read more...