US stocks edge higher as political wrangling over stimulus bill continues
- US stocks edged higher in a shortened trading session as political wrangling over a $900 billion stimulus bill continued after President Trump requested $2,000 stimulus checks to be included.
- With Trump out of town after flying to Mar-a-Lago on Wednesday, House Speaker Nancy Pelosi attempted to pass an amendment to the bill to include bigger stimulus checks with unanimous consent.
- That attempt has failed, and now the House of Representatives is adjourned until Monday at 2:00PM, leaving it up to Trump to either sign the bill or not.
- Watch major indexes update live here.
US stocks moved higher in a shortened trading session on Christmas Eve as political wrangling over a $900 billion stimulus bill continued into Thursday after President Trump requested $2,000 stimulus checks to be included.
Pelosi attempted to add an amendment to the bill increasing the size stimulus checks to $2,000 from $600 via unanimous consent, but that initiative failed Thursday morning.
Now, the House of Representatives has adjourned until Monday at 2:00 P.M., leaving it up to President Trump to sign the original stimulus bill that passed the House and Senate earlier this week.
Here’s where US indexes stood shortly after the 9:30 a.m. ET open on Thursday:
- S&P 500: 3,695.39, up 0.15%
- Dow Jones industrial average: 30,180.89, up 0.17% (51.06 points)
- Nasdaq composite:12,801.96, up 0.24%
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Alibaba slid as much as 7% after the Chinese government opened an anti-trust investigation into the e-commerce giant.
Altimmune fell 10% after the FDA put a clinical hold on its intranasal COVID-19 vaccine candidate.
The stock market will close at 1:00 P.M. today.
Oil prices edged lower. West Texas Intermediate crude fell as much as 0.64%, to $47.81 per barrel. Brent crude, oil’s international benchmark, fell 0.59%, to $50.90 per barrel.
Gold traded lower, down as much as 0.23%, to $1,873.70 per ounce.
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