Markets End Higher on Stimulus

The markets reacted positively on Monday to news that aid is coming to consumers and small businesses. President Trump signed the Covid-19 relief bill late Sunday evening, averting a government shutdown and signaling at least $600 in checks for Americans making less than $75,000 (Americans earning more than $95,000 will receive nothing.) Meanwhile, the bill extends the $300 per week unemployment benefits.

The Dow gained 204 points on the news, a gain of 0.68%, to close the day at 30,403.97. The S&P jumped 32 points to 3735 for a gain of 0.87%, and the NASDAQ Composite index grew 94 points, ending the session at 12,899 for a gain of 0.74%.

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