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Dow Up Over 200 Points On Anticipation Of Stimulus

2020-12-14 66 Dailymotion

On Monday, US stocks rallied as investors bet on the distribution of Pfizer's COVID-19 vaccine and stimulus progress to lift the economy.<br />According to Business Insider, a bipartisan $908 billion stimulus proposal is set to be formally unveiled on Monday.<br />One package will include $748 billion in funds for highly supported measures.<br />A smaller package including more controversial state and local government aid and liability protections for businesses.<br />On Monday, Pfizer and BioNTech will deliver their coronavirus vaccine.<br />Oil prices ticked higher after a tanker exploded in a Saudi Arabian port.<br />West Texas Intermediate crude gained as much as 1.9%, to $47.44 per barrel.

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