The Dow cut losses Thursday, as stimulus appears to be back on the agenda on Capitol Hill at a time when the labor market is showing signs of weakness as Covid-19 cases continue to spike.
Workday (NASDAQ:WDAY) reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
The lira surged against the dollar Thursday after the central bank of Turkey hiked rates and ended its controversial rate corridor operations, prompting analysts to cut their bearish bets on the Turkish currency following months of weakness.
The Dow spent much of the day down, but rallied after lawmakers said they'd go back to the drawing board to discuss stimulus.
The Dow cut losses Thursday, as stimulus hopes were renewed after Democratic Senator Chuck Schumer revealed that talks to roll out a fiscal relief package had resumed.