4/23/2020, 10:00 PM (Source: TeleTrader)
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US markets close mixed as House votes on aid bill

Stock markets in the United States closed mixed on Thursday as the House of Representatives is about to approve the newest $484 billion coronavirus relief package, increasing the total allocated support to almost $3 trillion. Speaking of the support, Fed Chairman Jerome Powell urged transparency in the distribution of funds already provided last month through the $2.2 trillion CARES Act.

The Dow traded 0.17% higher at the end of the session with oil producers Exxon Mobil and Chevron rising around 3% following crude's growth. On the other hand, the Nasdaq 100 ended with a loss of 0.27%, as Gilead Sciences sank 4.34% on reports of failed COVID-19 drug trials.

Meanwhile, the S&P 500 declined by 0.05% at the closing bell. Invesco Ltd. led the losses, tumbling 21% after publishing disappointing financial results for the first quarter of the year.

The euro lost 0.41% compared to the dollar to sell for $1.07790 at 4:04 pm ET.

Breaking the News / ND