Devik Jain, Sagarika Jaisinghani
Devik Jain, Sagarika Jaisinghani
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Wall Street ends choppy session higher as stimulus hopes ebb and flow

Wall Street ends choppy session higher as stimulus hopes ebb and flow

By NEW YORK (Reuters) - Wall Street closed higher at the end of a whipsaw session on Thursday as investors juggled hopeful and pessimistic news on the progress of stimulus talks Washington amid signs of waning momentum of economic recovery from the pandemic recession, now entering its ninth month.All three major U.S. stock indexes closed higher, with the Nasdaq in the lead and the Dow seeing the smallest gain.A spate of data, including jobless claims and consumer spending, suggested that the plodding economic recovery could be losing steam.Investors now look to the Labor Department’s...

October 1, 2020
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