Investors are also waiting for the US Congress to deliver more aid to the economy after unemployment benefits and other stimulus that it approved earlier ran out. Investors say it’s critical that the economy get such stimulus, but partisan disagreements have Congress at an apparent impasse. A Senate vote this week on a trimmed-down relief package proposed by Republicans has only a slim chance of passage as Democrats insist on more sweeping aid. The stock market’s rally started in late March following massive amounts of aid from the Federal Reserve and Congress. Corporate profit reports for the spring that weren’t as disastrous as expected also helped lift the market.-AP

Source: The Standard September 09, 2020 16:41 UTC