Stocks finish higher as Powell, Mnuchin repeat calls for stimulus
U.S. stocks closed higher, snapping a four-day losing streak for two of the three major indexes, as investors attempted to look past rising coronavirus case counts around the world and intensifying political tensions in Washington. The Dow Jones Industrial Average added 140 points or 0.5% to close near 27,287, according to preliminary closing figures, while the S&P 500 finished near 3,316, up 34 points or 1.1%. The Nasdaq Composite index jumped 185 points, 1.7%, and finished trading near 10,964. Federal Reserve policymakers on Tuesday repeated calls for Congress to enact additional aid to help the economy, and Treasury Secretary Steven Mnuchin said the White House was interested in reaching a deal with lawmakers. Shares of Amazon.com Inc. (AMZN) bounced more than 5% higher after an analyst price-target increase.
-Andrea Riquier; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
September 22, 2020 16:03 ET (20:03 GMT)
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