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US stocks rise as record-setting stimulus rally continues

December 29, 2020

US stocks climbed on Tuesday to continue Monday’s rally which saw all major indices close at new record highs.

The House passed a bill Monday to increase the $600 federal direct payments to $2,000. The vote passed 275 to 134, with forty-four House Republicans joining Democrats to approve the bill. The Senate may not approve the bill, though Senate Minority Leader Chuck Schumer said he’ll push for a vote.

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