What Congress's coronavirus stimulus means for you — and more top weekend reads
The Senate passed the $2 trillion Coronavirus Aid, Relief & Economic Security Act on Wednesday, and the House of Representatives was expected to do the same on Friday or Saturday, then sending the bill to President Trump to be signed into law.
Other dispatches from the pandemic Jeremy Olshan, the editor of MarketWatch, describes life at home during what may turn out to be “a focusing event.” The new bull market may not last long The Dow Jones Industrial Average DJIA, -3.65% rose 21% over three trading sessions, as the Senate’s passing of the CARES Act seemed to overshadow a record 3.28 million in unemployment claims reported Thursday. Here are two factors driving those gains and Mark DeCambre’s bearish take on the new bull market.
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Treasury yields edge lower as investors weigh coronavirus spread and stimulusU.S. government debt prices were slightly higher Friday morning after record unemployment figures triggered hopes for further stimulus amid the worsening coronavirus pandemic.
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