Stocks Snap 3-Day Losing Streak; Pound Strengthens: Markets Wrap
- Nasdaq Composite, Russell 2000 indexes touch record highs
- Pound gains as outline of post-Brexit trade deal reached
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U.S. stocks rose for the first time in four days even as uncertainly surrounded President Donald Trump’s demand for changes to pandemic relief legislation. The pound gained as an outline of the post-Brexit trade deal was reached.
The benchmark S&P 500 managed to finish marginally higher despite a late session slide amid a flurry of headlines on the status of the aid package. The Nasdaq Composite and Russell 2000 indexes set intraday record highs. Trump is demanding that lawmakers increase the stimulus checks due to go out to most Americans to $2,000 from $600 in the same week that Congress passed the $900 billion bipartisan package.