As US Stocks End the Week High, Stimulus Hopes Rise

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12 October, 2020: The main stock indexes of Wall Street ended the trading week with high numbers. Investors saw the Dow and S&P 500 booking the gains for the second time in the same week.

Finishing the session at 161.39 points, the Dow Jones Industrial Average closed the week at just over half a percentage point.

Whereas S&P 500 ended up at 0.88 percent and the Nasdaq Composite Index closed at 1.39% towards the plus.

After Donald Trump, United States President took it to Twitter, "COVID Relief Negotiations are moving along. Go Big!", the stocks got a boost in the session. Later, the Wall Street Journal also reported that a $1.8 trillion stimulus proposal was also being prepared by the White House. Resulting in investors being lit up like a chandelier. 

Also, later on, Trump said during an interview that he would like to see a greater stimulus package than what is being offered by the Democrats or Republicans.

On Friday, Steven Mnuchin, the US Treasury Secretary who is the main person of the White House on stimulus negotiations, and Nancy Pelosi, House Speaker were on a talk that did not yield any fruit, but confirmation came in that they will continue.

In Washington, in the wake of on-again and off-again talks, Wall Street has been gripped by volatility as for struggling US businesses and homes, a new round of coronavirus virus relief aid is on the coming.

After Trump said that he had called off negotiations with Democrats in Congress until after the November elections, US stocks fell distinctly on Tuesday.

But after Trump urged Congress to promptly pass targeted aid for small businesses and airlines along with a new series of $1,200 stimulus checks for individuals the next day, the stock markets leaped back. 

Meanwhile, investors are additionally situating portfolios for a potential success by Democratic official chosen one Joe Biden on November 3. Biden has increased a considerable lead over Trump in ongoing surveys. 

Another Reuters news organization/Ipsos survey discovered Americans are losing trust in Trump's treatment of the COVID-19 emergency. 

And keeping in mind that financial specialists consider what a Biden and Democratic win would mean for a major upgrade bundle, others are careful about a Democrat vow to climb corporate expense rates.