US opens higher on stimulus checks dispute

Wednesday, 30. December 2020 15:30

Major stock markets in the United States opened higher on Wednesday despite Senate Majority Leader Mitch McConnell blocking checks provided through the stimulus, aimed at combating the crisis caused by the coronavirus pandemic, in the value of $2,000. Later on, Treasury Secretary Steven Mnuchin stated the payments would start arriving last night. Meanwhile, the latest report revealed the country's international goods trade deficit increased in November.

The Dow Jones Industrial Average traded 0.28% higher at the opening as Caterpillar Inc. advanced by 1.61%. The Nasdaq 100 went up by 0.46%, with Baidu Inc. jumped by 3.91%. The S&P 500 rose by 0.30% as Tapestry Inc. improved by 2.56%.

The euro increased by 0.23% against the dollar to sell for $1.22788 at 9:27 am ET.

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Author:
Breaking the News / JR