Wall Street Climbs On Rumors Of Stimulus Efforts
U.S. stocks edged higher on Monday as rumors of stimulus efforts in China and Germany grew.
According to Reuters, the reports of a possible uptick eased fears of a global downturn.
The S&P 500 recovered following Wednesday’s shortlived flip of the yield curve between 2-year and 10-year Treasuries.
After falling nearly 3% on Wednesday, the S&P 500 has climbed for the last three sessions.
White House officials reportedly have discussed a temporary payroll tax cut to spur the U.S. economy.