Trump signs virus relief bill, averting government shutdown

Dec. 27, 2020 11:08 PM ETSPDR S&P 500 Trust ETF (SPY), DIA, QQQ, VOO, IVV, SH, IVE, SDS, SPXL, SPYG, RSP, UPRO, SPXU, SPXS, SSO, VOOGQQQ, SPY, DIA, IVV, RSP, SPYG, IVE, SH, SSO, SDS, SPXL, SPXS, UPRO, VOO, VOOG, SPXUBy: Carl Surran, SA News Editor422 Comments
  • Pres. Trump signs the $900B COVID-19 relief bill into law, days after he criticized the bill's $600 direct payments to Americans and suggesting he may veto the legislation.
  • Stock futures edge higher on the news: S&P (NYSEARCA:SPY) +0.6%, Dow (NYSEARCA:DIA) +0.5%, Nasdaq (NASDAQ:QQQ) +0.5%.
  • "I am signing this bill to restore unemployment benefits, stop evictions, provide rental assistance, add money for PPP, return our airline workers back to work, add substantially more money for vaccine distribution, and much more," Trump says.
  • The package includes $1.4T in spending to fund government agencies; if Trump had not signed the bill, then a partial government shutdown would have begun on Tuesday.
  • ETFs: SPY, VOO, IVV, SH, IVE, SDS, SPXL, SPYG, RSP, UPRO, SPXU, SPXS, SSO, VOOG
  • Seeking Alpha contributor Lance Roberts argues that this relief package won't have much economic impact.

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