Stocks Reach Record Highs As Congress Closes in on Stimulus Deal

Stocks Reach Record Highs As Congress Closes in on Stimulus Deal

(AmericanProsperity.com) – It’s been months since the last stimulus package from Congress, and the American people and their businesses are hurting for it. But, there’s good news. On Thursday, December 17, Senate Majority Leader Mitch McConnell (R-KY) said the latest coronavirus stimulus deal is nearing an agreement, and investors took note.

The stock market reached record highs with the Dow Jones Industrial climbing to 148.76 and the S&P 500 gaining 0.58%. The booming real estate industry paired with the now-optimistic health care sector to prompt the S&P’s rise.

Prominent stock growth included Johnson and Johnson increasing 2.64%, Home Depot gaining 1.6%, and Moderna leaping 5.09% as the Federal Drug Administration (FDA) recommends the approval of their vaccine.

Here’s a closer look at today’s largest gains:

These new gains are a breath of fresh air for many Americans, but they come despite new coronavirus cases being at an all-time high. Hopefully, as the stimulus deal is put to a vote and vaccines begin being distributed, our nation can begin to move out of this painful year.

~Here’s to Your Prosperity!

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