Dow climbs 358 points as Trump stimulus orders offset China tensions
US stocks climbed on Monday as investors digested President Donald Trump's weekend stimulus orders against China tensions and new coronavirus cases.
On Saturday, President Trump signed four executive actions to extend 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 including senators Marco Rubio and Ted Cruz over Hong Kong. US coronavirus cases hit 5 million over the weekend, according to data from Johns Hopkins University.US stocks rose on Monday as investors weighed President Trump's virus stimulus orders against escalating China tensions and increasing coronavirus cases. to extend fiscal assistance amid the coronavirus pandemic recession., stop some evictions, and defer student-loan payments.
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