Home » Business » US stock markets rose on crisis package hopes from Mnuchin – but no agreement was reached

US stock markets rose on crisis package hopes from Mnuchin – but no agreement was reached

The US stock markets on Wall Street rose by almost two percent on Wednesday night, after the US Treasury Secretary Steven Mnuchin stated that he believes the authorities must make a proper attempt to establish a new support scheme for corona victims.

– I say that we will give it a new, serious attempt to get this done, Mnuchin said in a conference on Wednesday according to CNBC.

– I think there is a reasonable compromise.

However, after a 90-minute meeting between Mnuchin and House Speaker Nancy Pelosi, the parties have yet to reach an agreement on Wednesday night. It did not like the markets, which fell immediately after the announcement.

Closing courses

The rise was dampened for the indices after the announcement that the parties did not reach an agreement, where the S&P 500 fell from a rise of 1.5 per cent to 0.2 per cent. In the last half hour before closing time, however, the indices recovered somewhat.

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