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The New York Stock Exchange closed positive tonight (Oct 22) as investors remain hopeful about the prospect of further fiscal stimulus in the US to support economies hit by the epidemic. COVID-19 AND responding to the disclosure of economic information indicating that the American labor market is slowly recovering.
The Dow Jones Industrial Average closed 28,363.66 points, rose 152.84 points, or + 0.54%, the S & P500 closed at 3,453.49, rose 17.93 or + 0.52% and the Nasdaq closed at 11,506 .01, rose 21.31 or + 0.19%.
The market has boosted The US House of Representatives, Nancy Pelosi, reported progress in negotiations with the White House on a new round of stimulus, and said the measure could be approved soon.
However, the White House economic adviser Larry Kudlow cautioned that the two sides still had important political differences. This makes it unlikely that both parties will be able to reach an agreement before Election Day on November 3.
Eight of 11 stocks in the S & P500 rose, with energy stocks rising the most.
Shares of Gillied Sciences are up 3.16% after the U.S. Food and Drug Administration (FDA) approved the use of the antiretroviral drug Veklury or remdesivir to treat COVID-19 patients in hospitals.
Shares of Tesla gained 0.7% after reporting fifth-quarter earnings and reaching a record $ 8.8 billion.
Coca-Cola shares rose 1.4% after revealing better-than-expected results.
For the US economic disclosure last night. The US Department of Labor reported 787,000 applicants for first-time unemployment benefits last week. This is the lowest level since March 14, when the COVID-19 epidemic began. And below analysts’ expectations of 875,000, after reaching 842,000 the previous week.
The number of first-time job seekers has been below 1 million for the eighth week in a row. After surpassing one million in five months since the COVID-19 outbreak. Last march
The US National Association of Realtors (NAR) said that second-hand home sales rebounded 9.5 percent in September, after just 2.4 percent in August.
Investors will be on the lookout for the final debate between President Donald. Republican Trump and former Democratic Vice President Joe Biden on Thursday from 9 pm to 10:30 pm US time Or this Friday morning from 8 am to 9:30 am Thai time
