Dow turns slightly positive Thursday afternoon amid report of resumption of coronavirus relief talks
U.S. stock benchmarks Thursday afternoon turned positive on the session, trading near near their best levels of the day after reports surfaced indicating talks on Congress about a coronavirus aid package to help American businesses and workers might be back on. CNBC reported that Senate Majority Leader Mitch McConnell, agreed to resume negotiations with Democrats over a potential aid package as cases surge around the country, Sen. Chuck Schumer, was quoted as saying. The Dow Jones Industrial Average
DJIA,
was trading up 0.2% at 29,487, the S&P 500 index
SPX,
was trading 0.4% higher at 3,580, while the Nasdaq Composite Index
COMP,
advanced 0.9%, adding to its gains. Stalled talks on additional fiscal aid have been one of the market’s most significant headwinds as the viral outbreak sees a new phase, experts say.
