Stocks rose today, as President Trump signaled support for a bigger coronavirus relief package. The Dow gained 0.57%. The S&P 500 increased 0.88%. The Nasdaq jumped 1.39%.
that the administration and Democrats were "starting to have some very productive talks."
The Federal Reserve and U.S. lawmakers have spent trillions of dollars on various measures to keep the economy afloat during the pandemic. Earlier this year, the Fed launched an open-ended bond-buying program and Trump signed a $2.2 trillion package that included enhanced unemployment benefits and direct payments to Americans. However, economic experts — as well as the Fed — have urged the government to push through more aid as it would sustain the recent economic recovery.
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