{"id":83764,"date":"2020-10-07T17:33:17","date_gmt":"2020-10-07T14:33:17","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/dow-jumps-386-points-after-trump-softens-stimulus-stance\/"},"modified":"2020-10-07T17:33:17","modified_gmt":"2020-10-07T14:33:17","slug":"dow-jumps-386-points-after-trump-softens-stimulus-stance","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/dow-jumps-386-points-after-trump-softens-stimulus-stance\/","title":{"rendered":"#Dow jumps 386 points after Trump softens stimulus stance"},"content":{"rendered":"

“#Dow jumps 386 points after Trump softens stimulus stance<\/strong>”
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\n US stocks rebounded Wednesday after President Trump signaled support for limited coronavirus stimulus spending just hours after pulling the plug on negotiations with Congress.<\/p>\n

The Dow Jones industrial average climbed as much as 386.84 points, or about 1.4 percent, to 28,159.60 in early trading following Trump\u2019s late-night tweets that he\u2019d sign bills providing more federal aid to pandemic-battered airlines and small businesses along with another round of $1,200 stimulus checks for Americans.<\/p>\n

The S&P 500 and the tech-heavy Nasdaq also each climbed 1.4 percent after the opening bell, nearly erasing the losses they suffered Tuesday after Trump said the White House would stop negotiating a large-scale stimulus deal until after the Nov. 3 election.<\/p>\n

While Wall Street app<\/a>eared encouraged by Trump\u2019s support for targeted spending after weeks of watching the fragile stimulus talks, it\u2019s far from certain that the bills he demanded will make it to his desk.<\/p>\n

\u201cWhile not ideal, the measures would shore up investor confidence and provide a temporary buffer with businesses and households, but I\u2019m not sure the Democrats will back a piecemeal approach,\u201d said<\/a> Craig Erlam, senior market analyst at OANDA.<\/p>\n

Trump\u2019s sudden move to kill another stimulus deal followed a grim Tuesday warning from Federal Reserve chairman Jerome Powell, who said the nation\u2019s nascent recovery from the coronavirus crisis could fall apart if policymakers don\u2019t keep up aggressive efforts to support the economy.<\/p>\n

But some experts have already predicted that another big spending package won\u2019t arrive until early 2021, after the hotly contested presidential election.<\/p>\n

\u201cMarkets have grown accustomed to Washington threatening to kill the hostage, but not actually doing so,\u201d said Isaac Boltansky, director of policy research at Compass Point Research & Trading. \u201cWithout a pre-election deal, the assumption should be that it will take until January or February for more assistance as its difficult to see how Washington could claw through the fog of disdain and distrust in the lame duck.\u201d<\/p>\n

There\u2019s still a risk, though, that the stalling recovery could falter further if Washington doesn\u2019t strike another deal.<\/p>\n

\u201cShould there be no stimulus package announced shortly after the election, investors could get increasingly nervous about the economic recovery losing momentum,\u201d said Milan Cutkovic, market analyst at Axi.<\/p>\n

Additional reporting by Thornton McEnery<\/em>\n <\/div>\n

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

“#Dow jumps 386 points after Trump softens stimulus stance” US stocks rebounded Wednesday after President Trump signaled support for limited coronavirus stimulus spending just hours after pulling the plug on negotiations with Congress. The Dow Jones industrial average climbed as much as 386.84 points, or about 1.4 percent, to 28,159.60 in early trading following Trump\u2019s…<\/p>\n","protected":false},"author":1,"featured_media":83765,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2020\/10\/dow-up-trump-stimulus.jpg?quality=90&strip=all&w=1200","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[74675,4941,73977,70359],"class_list":["post-83764","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-10-7-20","tag-donald-trump","tag-dow-jones-industrial-average","tag-stocks"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/83764","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=83764"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/83764\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/83765"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=83764"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=83764"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=83764"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}