New York (CNN Business) The US stock market rallied on Monday, ignoring negative headlines that weighed on the market over the past few weeks in favor of hoping for a stimulus deal out of Washington. Dow INDU S&P 500 SPX Stocks shot higher at the opening bell in New York and continued to rally as the session went on. Thewas up more than 450 points, or 1.7%, at midday, while the broaderclimbed 1.5%. Investors are hoping that Congress will agree on a new stimulus deal, despite fruitless negotiations in recent months. On Sunday, House Speaker Nancy Pelosi told CNN that House Democrats may offer their latest stimulus proposal as legislation if revived talks with the Trump administration do not yield a deal her party can get behind.

Source: CNN September 28, 2020 13:34 UTC