Wednesday 21 October 2020: US equity markets advanced amid some signs of progress in negotiations for a new fiscal stimulus deal.
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US equity markets advanced amid some signs of progress in negotiations for a new fiscal stimulus deal. - Dow settled +113-points or +0.40% higher at 28,308.79, off an earlier session pean of 28,575.03. Goldman Sachs Group Inc rose +1.2% after Bloomberg reported that the bank agreed to a more-than-US$2B settlement with the U.S. Justice Department for its role in Malaysia’s 1MDB scandal. The broader S&P500 rose +0.47%, with Energy (up +1.13%) leading ten of the eleven primary sectors higher.
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