Fri. Oct 30th, 2020

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S&P 500 and Dow hit over two-week high

1 min read
USA stocks

S&P 500 and Dow

U.S. stock index futures were subdued on Tuesday as investors booked profits after a rally that sent the S&P 500 and the Dow to their highest levels in more than two weeks while awaiting signs Washington was close to agreeing on more fiscal stimulus.

House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin spoke by phone on Monday about fresh relief measures and were preparing to talk again on Tuesday.

Comments from officials that a deal was still possible had lifted Wall Street’s main indexes in the previous session, helping them recoup losses from last week that were sparked by news that President Donald Trump had contracted COVID-19.

Trump returned to the White House on Monday from the Walter Reed Medical Center military hospital but faced fresh backlash for removing his mask upon his return and urging Americans not to fear the disease that has killed more than 209,000 in the United States.

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