US Treasury Secretary Mnuchin says a lot of progress made on stimulus, S&P 500 rises
|US Treasury Secretary Steven Mnuchin has said that senators from both parties are making progress on stimulus talks and more meetings are scheduled for later on Thursday. House Speaker Nancy Pelosi is set to speak later on.
The S&P 500 Index has returned to positive territory after trading lower earlier in the day.
Mnuchin has been one of the driving forces behind trying to achieve an accord. Last week, a group of Republicans and Democrats presented a relief package worth around $908 billion, yet it has yet to receive the blessing of senior leaders in the upper chamber.
Investors await another dose of support from the federal government once President-elect Joe Biden enters the White House.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.