About: http://data.cimple.eu/news-article/ce81e891fd59dc53fd0d5b3f9a215af132abd4129e3420c876d672bb

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rdf:type	schema:NewsArticle
schema:articleBody	Wall Street stocks were back in rally mode Tuesday, shrugging off mixed results from large banks and gaining ground on hopes for more stimulus spending from Washington. The Dow Jones Industrial Average jumped 2.1 percent to 26,642.59. The broad-based S&P 500 gained 1.3 percent to 3,197.52, while the tech-rich Nasdaq Composite Index advanced 0.9 percent to 10,488.58. The gains came as media reports said leading Republicans in the White House and on Capitol Hill were revising their stance on stimulus measures, including their prior opposition to extending supplemental unemployment benefits. "The promise of fiscal stimulus is boosting peoples' economic expectations," said Chris Low, chief economist at FHN Financial. Banking giants JPMorgan Chase, Citigroup and Wells Fargo together reported some $28 billion in credit costs for current and future bad loans due to the hit from COVID-19 closures. That came as coronavirus cases remained on a sharp upswing in much of the United States, crimping hopes for a speedy economic bounceback. Tuesday's gains were led by growth-linked equities, such as oil companies including Exxon Mobil, which gained 3.3 percent, and industrial giant Caterpillar, which rose 4.9 percent. The banks themselves had a mixed session on Wall Street, with JPMorgan adding 0.6 percent after reporting better-than-expected profits. But Citigroup, which also topped expectations, fell 4.0 percent, while Wells Fargo shed 4.6 percent after reporting a $2.4 billion loss. Delta Air Lines dropped 2.6 percent as it reported a second-quarter loss of $5.7 billion due to the steep downturn in travel caused by the coronavirus. jmb/cs
schema:headline	US stocks end up on hopes for more federal stimulus, Dow +2.1%
schema:mentions	Washington Mystics S&P 500 Index JPMorgan Chase ExxonMobil Unemployment benefits Stock Wells Fargo Protest Dow Jones Industrial Average USA Gymnastics Industry Delta Air Lines History of the United States Republican Party United States Congress United States Coronavirus disease 2019 Caterpillar Inc. Citigroup Fiscal policy Economy NASDAQ Composite
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-07-14 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	positive sentiment
http://data.cimple...readability_score	58 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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