Stock market today October 7, 2020
October 7, 2020
A stock market rally today, all major US stock indices closed higher. Dow Jones gained 530 points, S&P 500 gained 58 points and Nasdaq ended the stock market trading session with gains of more than 200 points. Small-cap stocks outperformed.
S&P 500: 3,419.45,+58.50(+1.74%)
Dow 30: 28,303.46,+530.70(+1.91%)
Russell 2000: 1,612.83,+35.54(+2.25%)
Stock market news
“Stock rise after Trumps signals support for some virus relief.
Stocks rose after a flurry of Twitter posts from President Donald Trump, who announced his support for specific virus relief measures, despite saying earlier that he told negotiators to end stimulus talks until after the election.
The three major indices extended gains intraday Wednesday after dropping on Tuesday. The Dow added more than 400 points shortly before noon in New York. Airline, cruise line and lodging stocks rose as the prospects of at least some stimulus appeared back on the table. Shares of Eli Lilly (LLY) rose after the drugmaker announced it was seeking emergency use authorization from the FDA for its experimental Covid-19 antibody treatment.
“The House & Senate should IMMEDIATELY Approve 25 Billion Dollars for Airline Payroll Support, & 135 Billion Dollars for Paycheck Protection Program for Small Business,” Trump wrote in a Twitter post late Tuesday. “Both of these will be fully paid for with unused funds from the Cares Act. Have this money. I will sign now!”
Trump also added that he was “ready to sign now” a standalone bill to send another round of $1,200 stimulus checks to taxpayers.”
Stock market data: Yahoo Finance
Stocks that were trending today, stocks that moved today:
RAVE Restaurant Group, Inc. (RAVE): 1.1700+0.6560 (+127.63%)
American Resources Corporation (AREC): 2.6000+0.9700 (+59.51%)
Sunworks, Inc. (SUNW): 4.0600+1.2600 (+45.00%)
All stock quotes, stock prices as of the close of the stockcmarket today.