Wall Street gains as Trump to leave hospital, investors hope for stimulus | Malay Mail

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NEW YORK, Oct 5 — US stocks rose sharply yesterday, recovering from declines in the previous session, as investors viewed more fiscal stimulus as likely and after news President Donald Trump will leave the hospital where he is being treated for Covid-19. Trump said he felt “really good” and...

Tuesday, 06 Oct 2020 07:01 AM MYT

Trump said he felt “really good” and will leave Walter Reed National Military Medical Center at 6:30pm . Trump has been at the hospital since late Friday. “The stimulus deal is still sitting there, and there's still communication going on ... It looks increasingly like something's going to get done,” said Jim Paulsen, chief investment strategist at The Leuthold Group in Minneapolis.

Doubts about the scale of further fiscal aid and a slowing economic recovery have weighed on the S&P 500 recently, with the benchmark index in September registering its worst month since the coronavirus-driven crash earlier this year.After data last week showed an unexpected slowdown in the domestic manufacturing sector in September, figures yesterday showed activity in the broader services industry pulled above levels that prevailed before the Covid-19 pandemic.

 

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