Dow rises by more than 500 points as traders look to robust earnings season | CNN Business

New York  — 

Wall Street kicked off a new week in high gear as optimism rose that the 20-day shutdown of the federal government could soon draw to a close.

National Economic Council Director Kevin Hassett told CNBC Monday he believes the shutdown is “likely to end sometime this week” and that the Trump administration would implement punitive new measures if Democrats in the Senate continue to hold out.

Traders are also feeling hopeful that the latest round of earnings reports will reveal positive corporate growth despite uncertainty in the economy. Around 85% of

→ Continue reading at CNN - Business News

More from author

Related posts

Advertisment

Latest posts

Guppies fall for a classic optical illusion. Doves, usually, do too

Duping a guppy is easier than duping a ring dove — at least when it comes to a classic optical illusion.   In the Ebbinghaus...

Trump’s fake video featured ‘Danger Zone.’ Musician Kenny Loggins wants it scrubbed

Singer-songwriter Kenny Loggins, speaking at the NAMM (National Association of Music Merchants) convention...

Even for elite athletes, the body’s metabolism has its limits

Ultra-endurance athletes triumph over staggering distances and harsh conditions. But one of their toughest foes may be their own metabolic ceiling. By scrutinizing a...