US Stock Markets Remain Resilient Amidst Crises: Anticipation of Financial Injections Persists
In the financial world, there's been a notable absence of a new federal stimulus package in the United States, with the three rounds of Economic Impact Payments concluded and the deadline to claim missed payments through the Recovery Rebate Credit having expired in April. While some taxpayers have received adjustments for previous missed payments in May or June, these were not new stimulus payments.
However, some ongoing payments continue, such as the monthly Supplemental Security Income (SSI) and Social Security payments. States have also implemented targeted economic relief programs, with examples including New York’s Inflation Rebate, Sacramento Family First program in California, and other rebates and credits in states like Colorado, Arizona, and Texas.
In the realm of U.S. stock markets, the absence of new stimulus packages typically translates to more moderate or volatile gains, as stimulus funds boost consumer spending and corporate earnings. As of now, markets will be influenced by standard economic indicators and monetary policy decisions rather than fresh government spending boosts.
Gold, on the other hand, often benefits as a safe-haven asset in times of economic uncertainty or when stimulus is limited, especially if inflation concerns persist. Without new stimulus spending to support economic growth or relieve inflationary pressures, gold prices may hold steady or increase as investors seek safety.
On Thursday evening, the European common currency tended weaker, while U.S. stock markets gained. The Dow Jones Industrial Average closed at 28,425.51 points, representing a 0.43% increase. The S&P 500 was up around 3,445 points (+0.85%) at a few minutes before the close of trading in New York, and the Nasdaq 100 calculation was approximately 11,540 points (+0.33%). The gold price increased, with an ounce of fine gold trading at 1,893.74 US dollars (+0.33%).
Meanwhile, U.S. President Donald Trump has become more open-minded to new stimulus packages due to a deficit in opinion polls. The exchange rate between the euro and the US dollar saw a slight decrease, with one euro costing 1.1755 US dollars (-0.08%).
This news article includes a photo of Wall Street, provided by dts News Agency. For more information on the ongoing economic situation and the potential impact on markets, stay tuned to your trusted financial news sources.
Other financial aspects are also in play, with some U.S. states implementing targeted economic relief programs, such as New York’s Inflation Rebate and California’s Sacramento Family First program.
In the absence of new stimulus packages, gold often benefits as a safe-haven asset, especially when inflation concerns persist and stimulus is limited, as investors seek safety.
