Congress appears to be inching closer to a deal on new fiscal stimulus and another coronavirus stimulus package, and investor optimism helped lift two of the three major indexes to all-time highs.
 | THU, DEC 17, 2020 | | | | DOW | | NAME | LAST | CHG | %CHG | | AAPL | 128.70 | +0.89 | +0.70% | | MSFT | 219.42 | +0.14 | +0.06% | | INTC | 50.65 | -0.47 | -0.92% | |
| | S&P 500 | | NAME | LAST | CHG | %CHG | | AAPL | 128.70 | +0.89 | +0.70% | | GE | 10.88 | -0.05 | -0.46% | | T | 29.62 | -0.67 | -2.21% | |
| | NASDAQ | | NAME | LAST | CHG | %CHG | | AAPL | 128.70 | +0.89 | +0.70% | | TSLA | 655.90 | +33.13 | +5.32% | | AMD | 96.84 | -0.01 | -0.01% | |
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Congress appears to be inching closer to a deal on new fiscal stimulus, and investor optimism helped lift the major indexes to record levels. The S&P 500 and the Nasdaq Composite hit intraday and closing record highs, advancing 0.6% and 0.8%, respectively. The Dow Jones Industrial Average, meanwhile, gained 148 points to post an all-time closing high. Senate Majority Leader Mitch McConnell said that a "bicameral agreement appears to be close at hand." Congressional leaders this week have been working on a $900 billion aid package that would include direct payments to individuals.  For months, lawmakers have struggled to push through on new fiscal stimulus while the number of coronavirus infections keeps rising and has led to states reimposing stricter social-distancing measures that are slowing down parts of the economy, especially the labor market. On Thursday, the Labor Department said that initial jobless claims totaled 885,000 last week, hitting their highest level since early September. Economists expected 808,000 workers sought state jobless benefits during the week ended Dec. 12. Catch The News with Shepard Smith at 7 p.m. ET on CNBC. The nightly newscast provides deep, non-partisan coverage and perspective on the day's most important stories. |
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