SPY
Trump signs virus relief bill, averting government shutdown
- Pres. Trump signs the $900B COVID-19 relief bill into law, days after
he criticized the bill's $600 direct payments to Americans and suggesting
he may veto the legislation.
- Stock futures edge higher on the news: S&P (NYSEARCA:SPY) +0.6%, Dow
(NYSEARCA:DIA) +0.5%, Nasdaq (NASDAQ:QQQ) +0.5%.
- "I am signing this bill to restore unemployment benefits, stop
evictions, provide rental assistance, add money for PPP, return our
airline
workers back to work, add substantially more money for vaccine
distribution, and much more," Trump says.
- The package includes $1.4T in spending to fund government agencies; if
Trump had not signed the bill, then a partial government shutdown would
have begun on Tuesday.
- ETFs: SPY, VOO, IVV, SH, IVE, SDS, SPXL, SPYG, RSP, UPRO, SPXU, SPXS,
SSO, VOOG
- Seeking Alpha contributor Lance Roberts argues that this relief
package won't have much economic impact.
|Yesterday, 11:08 PM|295 Comments
Trump signs virus relief bill, averting government shutdown
- Pres. Trump signs the $900B COVID-19 relief bill into law, days after
he criticized the bill's $600 direct payments to Americans and suggesting
he may veto the legislation.
- Stock futures edge higher on the news: S&P (NYSEARCA:SPY) +0.6%, Dow
(NYSEARCA:DIA) +0.5%, Nasdaq (NASDAQ:QQQ) +0.5%.
- "I am signing this bill to restore unemployment benefits, stop
evictions, provide rental assistance, add money for PPP, return our
airline
workers back to work, add substantially more money for vaccine
distribution, and much more," Trump says.
- The package includes $1.4T in spending to fund government agencies; if
Trump had not signed the bill, then a partial government shutdown would
have begun on Tuesday.
- ETFs: SPY, VOO, IVV, SH, IVE, SDS, SPXL, SPYG, RSP, UPRO, SPXU, SPXS,
SSO, VOOG
- Seeking Alpha contributor Lance Roberts argues that this relief
package won't have much economic impact.
|Yesterday, 11:08 PM|295 Comments
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