Business
‘Very productive’ talks: Wall Street jumps as Trump fuels stimulus hopes – Sydney Morning Herald
Optimism on markets on hope that Washington can approve more aid for the economy while a report suggested the pace of layoffs is slowing a bit.
The markets hope that both sides have sort of given their opening bids and now they can meet somewhere in the middle and do so fairly quickly, said J.J. Kinahan, chief strategist with TD Ameritrade.
The S&P 500 index rose 0.4 per cent, the Dow Jones gained 0.4 per cent and the Nasdaq composite picked up 0.5 per cent. At 6.59am AEDT, futures are pointing to a gain of 12 points at the open for the ASX.
Small company stocks fared better than the rest of the market. The Russell 2000 index of s…
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