12/22/2020, 3:30 PM (Source: TeleTrader)
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US opens mostly up as stimulus fuels recovery hopes

Equities on major stock markets in the United States traded mostly higher at the opening bell on Tuesday after the US House of Representatives and Senate passed a $2.3 trillion government spending package that includes $900 billion in coronavirus relief funds.

On the data front, the US Bureau of Economic Analysis revised up its GDP estimate for the third quarter of 2020 to 33.4%, marking the sharpest jump in the country's history.

The Dow Jones kicked off the session decreasing by 0.08% as Walgreens Boots declined more than 1%. The S&P 500 added 0.09% with Apartment Investment and Management Co jumping over 3%, while the Nasdaq 100 advanced 0.20% at the same time as Baidu gained nearly 3% a minute later. The euro lost 0.08% against the dollar, changing hands for 1.22228 at 9:28 am ET.

Breaking the News / GA