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Dow Leaps 300 Points

Video Credit: Wochit News - Duration: 00:32s - Published
Dow Leaps 300 Points

Dow Leaps 300 Points

On Monday, US stocks climbed 300-points.

Investors warmed to President Donald Trump's weekend stimulus orders against China tensions and new coronavirus cases.

On Saturday, President Trump signed executive actions extending coronavirus aid after Congress failed to come to an agreement last week.

US-China tensions escalated when China imposed fresh sanctions on several members of Congress over Hong Kong.


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On Thursday, US stocks fell 320 points. The drop comes even as weekly jobless-claims data came in better than expected. Business Insider reports that weekly jobless claims fell by more than 30,000 from the previous week, to 860,000. Tech stocks led the decline. Investors continued to process Federal Reserve Chairman Jerome Powell's comments expressing uncertainty about the economic recovery. Powell also said the Fed didn't expect to raise interest rates until at least 2023.

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