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7/31, 10:00 PM (Source: TeleTrader)
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US closes higher on vaccine, aid bill talks

Major stock markets in the United States closed higher on Friday as optimism regarding the coronavirus pandemic rises. The government agreed to provide up to $2.1 billion for vaccine testing and manufacturing to Sanofi and GSK. Meanwhile, House Majority Leader Steny Hoyer said the Representatives are to cancel the August recess until the coronavirus aid bill is passed.

Later in the day, it was confirmed Treasury Secretary Steve Mnuchin, House Minority Leader Chuck Schumer, House Speaker Nancy Pelosi, and White House Chief of Staff Mark Meadows will meet on Saturday to discuss the extension of unemployment payments and eviction protection.

The Dow Jones Industrial Average traded 0.45% higher at the close, while the Nasdaq 100 rose by 1.78% and the S&P 500 advanced 0.80%. Apple Inc. was the top performer on all three indexes, growing 10.47%. The euro lost 0.58% to the dollar to sell for $1.17788 at 3:59 pm ET.

Breaking the News / JR