The DJIA rose 0.23% The S&P 500 was up 0.35% The Nasdaq Composite gained 0.26%.
Tech led the market, and financials, industrials, and energy were the biggest decliners.
General Market Review
Stimulus
As Trump insists on a veto for the stimulus bill, Democrats are hoping to pass a quick legislation for $2000 in direct payments. The threat to veto could negatively impact the $35 billion funding for clean energy.
Brexit
The UK and EU reached a trade deal post-Brexit. This will positively impact the trade of goods as the deal is “zero-tariff, zero-quota.” The deal will help fuel an economic recovery for the UK.
Alibaba
Alibaba slumped 13% today, due to China’s announcement of an antitrust investigation on the company. Jack Ma has agreed to cooperate.
