Why stocks could get a boost from $1,400 stimulus checks - News Summed Up

Why stocks could get a boost from $1,400 stimulus checks


A version of this story first appeared in CNN Business' Before the Bell newsletter. That would pad corporate earnings, which are set to boom this year — helping to justify high valuations for stocks. Suspense builds on Wall Street over expiring Covid reliefWith the economy crashing and markets in chaos last spring, the Federal Reserve handed out get-out-of-jail free cards to America's big banks. In an interview with CNN Business, Democratic Sen. Sherrod Brown, the chair of the Senate Banking Committee, said the focus should be on keeping the banking system safe. And as interest in digital assets grows, Wall Street is paying attention, too.


Source: CNN March 12, 2021 13:30 UTC



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