{"id":143091,"date":"2020-12-29T00:43:28","date_gmt":"2020-12-28T21:43:28","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/stocks-close-at-record-highs-after-stimulus-bill-is-signed\/"},"modified":"2020-12-29T00:43:28","modified_gmt":"2020-12-28T21:43:28","slug":"stocks-close-at-record-highs-after-stimulus-bill-is-signed","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/stocks-close-at-record-highs-after-stimulus-bill-is-signed\/","title":{"rendered":"#Stocks close at record highs after stimulus bill is signed"},"content":{"rendered":"

“#Stocks close at record highs after stimulus bill is signed<\/strong>”
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Wall Street hit record highs on Monday after President Trump signed the $2.3 trillion pandemic bill on Sunday, ending months of political wrangling and uncertainty.<\/p>\n

The Dow Jones Industrial Average closed up 204.10 points, or 0.68 percent, to 30,403.97 after Trump backed down from an earlier threat to block the bill, which restores unemployment benefits to millions of Americans.\u00a0 By signing the bill he also helped avert a federal government shutdown.<\/p>\n

The S&P 500 closed up 0.87 percent \u00a0to 3,735.36, while the tech-heavy Nasdaq was up 0.74 percent to 12,899.42. All three indexes ended the day at record levels.<\/p>\n

The bill provides a financial boost for some of America\u2019s most vulnerable \u00a0citizens and businesses, including an extra $300 a week in unemployment benefits and $325 billion in aid to small businesses, which have been crushed as the pandemic has pushed people to shop online instead of in stores.<\/p>\n

The aid together with the vaccinations underway will provide a much-needed buffer to an economy that\u2019s been hampered yet again by rising cases, which is forcing more state restrictions on indoor dining and other activities to reduce the spread of the deadly disease, experts said.<\/p>\n

\u201cTrump signing the COVID relief and government spending bill has gotten uncertainty out of the way, and the market right now is on autopilot \u2014 creeping its way higher into the new year,\u201d said Sam Stovall, chief investment strategist at CFRA Research.
The long suffering travel<\/a> industry was buoyed by the news<\/a> with airlines set to receive $15 billion in additional payroll assistance.<\/p>\n

Cruise operators also got a boost with Royal Caribbean Cruises up \u00a03 percent, Carnival Corp. up 4 percent and Norwegian Cruise Line Holdings up 3 percent.<\/p>\n

On Monday, Goldman\u2019s chief economist Jan Hatzius raised his forecast for the nation\u2019s GDP in the first quarter to 5 percent from 3 percent in large part because consumers will be receiving stimulus payments and unemployment benefits.<\/p>\n

The stimulus package gives $600 to taxpayers earning up to $75,000 a year, and couples with incomes of up to $150,000, and for each dependent child.<\/p>\n

Trump requested that Congress replace the $600 checks with $2,000 payments \u2014 \u00a0a move supported by Democrats but which never made it to the final bill.<\/p><\/div>\n

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Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

“#Stocks close at record highs after stimulus bill is signed” Wall Street hit record highs on Monday after President Trump signed the $2.3 trillion pandemic bill on Sunday, ending months of political wrangling and uncertainty. The Dow Jones Industrial Average closed up 204.10 points, or 0.68 percent, to 30,403.97 after Trump backed down from an…<\/p>\n","protected":false},"author":1,"featured_media":143092,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2020\/12\/dow-record-close.jpg?quality=90&strip=all&w=1200","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[87956,72332,71278,72388,70359,70360],"class_list":["post-143091","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-12-28-20","tag-nasdaq","tag-nyse","tag-stock-market","tag-stocks","tag-wall-street"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/143091","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=143091"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/143091\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/143092"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=143091"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=143091"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=143091"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}