The market has had a strong start to August so far.
The Dow Jones Industrial Average was up 0.4%, over 100 points, at Monday’s open, while the S&P 500 rose 0.2% and the tech-heavy Nasdaq Composite gained 0.1%.
After coronavirus stimulus talks between Democrats and the White House ended in disappointment last week, President Trump on Saturday signed several executive orders to extend economic relief programs. The orders would extend federal unemployment benefits—at a reduced rate of $400-per-week, defer student loan payments through 2020, extend a federal moratorium on evictions and provide a payroll tax holiday.
Trump’s executive action met with criticism from both parties and is likely to face legal challenges, since continuing the programs would require federal funding from Congress.Chinese-owned social media app TikTok, although Microsoft is still seen as the most likely candidate to close a deal.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Dow jumps 200 points to start week even as White House, Congress battle over coronavirus reliefStocks traded higher on Monday after President Donald Trump signed several executive orders aimed at extending coronavirus relief.
Read more »
Stock market news today: Dow, S&P react to Trump orders, China, virus - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Read more »
Dow jumps 200 points to start week even as White House, Congress battle over coronavirus reliefStocks traded higher on Monday after President Donald Trump signed several executive orders aimed at extending coronavirus relief.
Read more »
S&P 500 futures are flat to start week as White House, Congress battle over coronavirus reliefU.S. stock futures were mixed after President Donald Trump signed several executive orders aimed at extending coronavirus relief.
Read more »
Stock futures slip after Trump signs orders extending coronavirus reliefU.S. stock futures slipped after President Donald Trump signed several executive orders aimed at extending coronavirus relief.
Read more »
Trump signs executive orders aimed at bypassing Congress on coronavirus reliefWith congressional negotiations stalled, Trump is using executive powers to try to get aid flowing. But it's unclear whether he has the power to do so.
Read more »