12/23/2020, 10:25 AM (Source: TeleTrader)
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US shares higher premarket ahead of Christmas

Shares on Wall Street moved higher during early premarket trading on Wednesday ahead of the Christmas holiday. On Thursday, stocks will trade in a shortened Christmas Eve trading session, before closing on Friday for Christmas.

Investors awaited developments concerning the fate of the $900 billion stimulus bill, passed by Congress earlier this week and described as a "disgrace" by President Donald Trump. The president demanded changes be made to the relief package in order to send out larger stimulus checks to Americans. Initial jobless claims for last week were also set for a release later in the day.

The Dow was up 0.28% at 4:15 am ET, while the S&P 500 rose 0.30%. At the same time, the Nasdaq 100 increased 0.15%. The euro gained 0.28% against the dollar at 4:20 am ET, buying 1.21910.

Breaking the News / JC