8/7/2020, 10:01 PM (Source: TeleTrader)
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US closes mostly higher despite stimulus talks falling apart

Major stock markets in the United States closed mostly higher on Friday even though the Democrats and the Trump administration remained far apart on the stimulus bill. Speaker of the House Nancy Pelosi tried to compromise and asked Republicans to increase their aid price tag by $1 trillion.

On the other hand, US nonfarm payrolls rose by 1.8 million in July. Also, US President Donald Trump issued executive orders to address "the threat posed" by Chinese apps TikTok and WeChat.

The Dow Jones Industrial Average traded higher by 0.17% at the close. The Travelers Companies Inc jumped by 3.18%. The Nasdaq 100 fell by 1.13% with Illumina plunging by 10.94%. The S&P 500 went up by 0.06% as Biogen rose 10.10%.

The euro lost 0.76% to the dollar to sell for $1.17876 at 3:57 pm ET.

Breaking the News / TF