US stocks rise as record-setting stimulus rally continues
- Date: 29-Dec-2020
- Source: Business Insider
- Sector:Financial Markets
- Country:Middle East
US stocks rise as record-setting stimulus rally continues
The House passed a $2.2 trillion stimulus to help keep the US economy afloat during the coronavirus pandemic.
Nicholas Kamm/AFP via Getty Images
US stocks climbed on Tuesday to continue Monday's rally, which saw all major indices close at new record highs.The House passed a bill Monday to increase the $600 federal direct payments to $2,000. The vote passed 275 to 134, with forty-four House Republicans joining Democrats to approve the bill.The bill now goes to the Senate, though it's unclear whether Senate Republicans will heed Democrats and President Trump's pleas to increase the second round of direct payments to $2,000 from $600.Watch major indexes update live here.
US stocks climbed on Tuesday to continue Monday's rally which saw all major indices close at new record highs.
The House passed a bill Monday to increase the $600 federal direct payments to $2,000. The vote passed 275 to 134, with forty-four House Republicans joining Democrats to approve the bill. The Senate may not approve the bill, though Senate Minority Leader Chuck Schumer said he'll push for a vote.
"The House just took a strong, bipartisan vote to pass $2,000 checks," Schumer tweeted Monday evening. "Tomorrow, I'll move to pass the bill in the Senate.
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