Wall Street shares close higher on stimulus hopes

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Wall Street's main indexes climbed on Tuesday on growing signs that U.S. lawmakers were making headway in their talks over stimulus to support an ...

NEW YORK: Shares on Wall Street ended higher on Tuesday on growing optimism that talks among U.S. lawmakers are progressing with respect to a U.S. stimulus package aimed at cushioning the economic shock from the coronavirus pandemic.

Uncertainty over the coronavirus aid package weighed on Wall Street's main indexes on Monday and analysts expect market turbulence to increase with only two weeks left until Election Day. "It's like locking the proverbial door after the horse has bolted," said Neil Campling, head of TMT research at Mirabaud Securities in London.

Netflix Inc was down 1per cent after it missed expectations for paid subscriber additions in the third quarter, hit by rising streaming competition and the return of live sports to television.

 

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