Asian Stocks Gain After Trump Criticizes Economic Aid Bill
Overnight, Wall Street’s benchmark S&P 500 index lost 0.2% after Trump criticized the aid plan approved by
“Hopes for an unambiguous ‘Santa rally’ have been tragically hijacked,” said
Meanwhile, investor nerves were rattled by the emergence of a new coronavirus variant in
The Shanghai Composite Index rose 1% to 3,391.05 and the
The Kospi in
Investors are hoping a new aid package from
Trump, however, complained on Twitter that the measure did too little for ordinary Americans. He urged legislators to increase payments to as much as
Also Wednesday, the
“Economic activity in
On
The Dow Jones Industrial Average slid 0.7% to 30,015.51. The Nasdaq composite rose 0.5% to a record 12,807.92.
Even without the new coronavirus variant, the resurgent pandemic has already been dragging on the
Two reports Tuesday added to discouraging economic data.
One showed consumer confidence fell more than expected this month. Another showed the red-hot housing market is slowing.
In energy markets, benchmark
The dollar declined to
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