The S&P 500 rose about half a percent in early trading. Oil prices also climbed, and gold rose above a record $2,000 an ounce. “It took a huge hit in the spring,” said Richard Clarida, the Federal Reserve’s vice chairman, in an interview on CNBC. In Washington, White House officials and top Democrats reported some movement in their negotiations over a new pandemic relief package. They agreed to an end-of-the-week deadline to reach a deal to restore expired jobless aid for tens of millions of Americans.

Source: International New York Times August 05, 2020 10:24 UTC