US stocks edge higher as political wrangling over stimulus bill continues

congress stimulus bill text.JPG
Printer and internet snafus held up the release of Congress’ latest stimulus bill text at the US Capitol on Monday.

  • US stocks edged higher in a shortened trading session as political wrangling over a $900 billion stimulus bill continued after President Trump requested $2,000 stimulus checks to be included.
  • With Trump out of town after flying to Mar-a-Lago on Wednesday, House Speaker Nancy Pelosi attempted to pass an amendment to the bill to include bigger stimulus checks with unanimous consent.
  • That attempt has failed, and now the House of Representatives is adjourned until Monday at 2:00PM, leaving it up to Trump to either sign the bill or not.
  • Watch major indexes update live here.

US stocks moved higher in a shortened trading session on Christmas Eve as political wrangling over a $900 billion stimulus bill continued into Thursday after President Trump requested $2,000 stimulus checks to be included.

Pelosi attempted to add an amendment to the bill increasing the size stimulus checks to $2,000 from $600 via unanimous consent, but that initiative failed Thursday morning.

Now, the House of Representatives has adjourned until Monday at 2:00 P.M., leaving it up to President Trump to sign the original stimulus bill that passed the House and Senate earlier this week.

Here’s where US indexes stood shortly after the 9:30 a.m. ET open on Thursday:

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Alibaba slid as much as 7% after the Chinese government opened an anti-trust investigation into the e-commerce giant.

Altimmune fell 10% after the FDA put a clinical hold on its intranasal COVID-19 vaccine candidate.

The stock market will close at 1:00 P.M. today.

Oil prices edged lower. West Texas Intermediate crude fell as much as 0.64%, to $47.81 per barrel. Brent crude, oil’s international benchmark, fell 0.59%, to $50.90 per barrel.

Gold traded lower, down as much as 0.23%, to $1,873.70 per ounce.

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