Investing.com investing.com 23 Dec, 2020 23:45 am

Dow Rises as Bulls Shrug off Stimulus Setback By Investing.com

Dow Rises as Bulls Shrug off Stimulus Setback By Investing.com
Dow Rises as Bulls Shrug off Stimulus Setback

American Airlines (NASDAQ: AAL ) rose 2%, while United Airlines (NASDAQ: UAL ) and Delta Air Lines (NYSE: DAL ) were up more than 3%.Value stocks – those that are linked to the performance of the economy – like financials and energy rose, with latter getting a boost from higher oil prices.Oil prices rose 2% as weekly inventory data showed crude and product inventories fell in the week ended Dec.com - The Dow flirted with record-highs on Wednesday shrugging off a delay to roll out much-needed stimulus after President Donald Trump demanded that Congress amend the bill.

73%, or 219 points to 30,234, just below its all-time high of 30,343.Trump said the $900 billion virus relief package was a "disgrace," demanding that it be amended to reflect higher direct payments to individuals of $2,000 a week rather than the current $600-a-week proposal.

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