US lawmakers are in the final stages of approving a Covid aid bill that will inject $900 billion of relief funds into the economy through direct stimulus payments to Americans, supplemental unemployment benefits, Covid vaccine distribution measures, and other virus-related health measures. Progress on Capitol Hill wasn’t reflected on Wall Street, however, with the S&P 500 and Nasdaq Composite falling 0.39% and 0.11%, respectively. The Dow Jones managed to close out the session with a slight gain however as financial stocks made solid progress following last week’s Fed bank stress test results that cleared the way … (full story)
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