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Stocks climb as Yellen, Biden’s pick for Treasury Secretary, backs stimulus plan

Joe Biden Janet Yellen Usa city Atlanta Coronavirus Debt
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globalnews.ca
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Wall Street‘s main indexes rose on Tuesday as U.S. Treasury Secretary nominee Janet Yellen advocated for a hefty fiscal relief package before lawmakers to help the world’s largest economy ride out a pandemic-driven slump.At her confirmation hearing, Yellen said the benefits of a big package outweigh the costs of a higher debt burden.President-elect Joe Biden, who will be sworn into office on Wednesday, outlined a US$1.9 trillion stimulus package proposal last week to jump-start the economy and accelerate the distribution of vaccines.“Today it’s really all about Janet Yellen, and the push that she is taking for stimulus,” said Thomas Martin, senior portfolio manager at Globalt Investments in Atlanta, adding that the focus on stimulus “sets.

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
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