Dow jumps 373 points as stimulus hopes blot out weak jobs data | Markets Insider

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Dow jumps 373 points as stimulus hopes blot out weak jobs data | Markets Insider
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Dow jumps 373 points as stimulus hopes blot out weak jobs data

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Still, disagreements on unemployment insurance expansion and aid for state and local governments stand in the way of a breakthrough. White House Chief of Staff Mark Meadows and Mnuchin reportedly told Republican legislators that, if a deal isn't made by Friday, there won't be a stimulus bill agreement.. The reading lands well below the 1.2 million estimate from economists surveyed by Bloomberg and the revised 4.3 million increase seen in June.

reported late Tuesday that senior US and Chinese officials will discuss the countries'"phase one" trade deal on August 15, six months after the agreement was made. News of the talks comes after recently inflamed tensions between the economic superpowers spooked markets.

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