Posted on 07/01/20
| News Source: FOX Business
The Nasdaq notched its 22nd record close of the year rising, 0.95 percent, while the S&P gained 0.50 percent and the Dow slipped 77 points or 0.30 percent. The major averages on Tuesday closed out their strongest quarter in more than 20 years.
President Trump, in an exclusive interview with FOX Business, said he wants Americans to not only get another round of stimulus but perhaps a bigger payment.
“I want the money getting to people to be larger so they can spend it," he told Blake Burman. "I want the money to get there quickly and in a noncomplicated fashion."
Trump's comments came alongside the latest Fed minutes, which reiterated that policymakers will remain diligent in supporting the economy during its fragile recovery from the COVID-19 pandemic.
On the data front, the ADP employment report showed the private sector added 2.37 million jobs in June, less than the 3 million jobs that were expected. The May report, however, was revised upward from a loss of 2.76 million jobs to an addition of 3 million jobs. Read more at FOX Business