President Trump last night, in a video on Twitter, disparaged the bill and called for changes, including raising the $600 stimulus checks to $2,000 for individuals. On the other hand, if there is a new bill with bigger stimulus checks, that would probably be an added benefit for the economy. In the latest sign of the economic fallout from Covid-19, the weekly jobless claims report this morning came in at 803,000. In the bullish corner, investors seemed to be optimistic after Congress passed an $892 billion stimulus measure. It seems like the RUT got some help from optimism after Congress passed a stimulus package.
Source: Forbes December 23, 2020 14:48 UTC