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An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	Major US indices closed in positive territory on Tuesday for the first time in three sessions after testimony from top government officials rekindled hopes for more stimulus from Congress. At the close, the broad-based Dow Jones Industrial Average was at 27,288.18, a drop of 0.5 percent. The S&P 500 was at 3,315.57, a gain of 1.1 percent, while the tech-rich Nasdaq Composite Index rose 1.7 percent to end at 10,963.63. Speaking to the House Financial Services Committee along with Federal Reserve Chair Jerome Powell, Treasury Secretary Steven Mnuchin said the United States was seeing rapid economic gains but the government remained open to more fiscal stimulus even as talks between lawmakers were deadlocked. "America is in the midst of the fastest economic recovery from any crisis in the US," Mnuchin said, acknowledging that "some industries particularly hard bit by the pandemic require additional relief," citing tourism and restaurants, among others. Gregori Volokhine of Meeschaert Financial Services credited the day's positive performance to investors looking for deals after tech stocks that had risen rapidly in August fell in recent sessions. "Investors continue to buy dips," he said, while "the Fed is now expected to continue the policy it has pursued since the beginning of the pandemic" including massive lending programs viewed as reassuring to traders. Amazon was among the day's big winners with a gain of 5.7 percent, but Tesla ended 5.6 percent lower after Chief Executive Elon Musk tempered expectations ahead of the electric car company's "battery day," saying the presentation will focus on technologies that won't reach "serious high-volume production" until 2022. cs/jm
schema:headline	US stocks advance cautiously after Powell, Mnuchin testify
schema:mentions	Electric vehicle battery United States Secretary of the Treasury Steven Mnuchin United States House Committee on Financial Services S&P 500 Index Dow Jones Industrial Average Lewis F. Powell Jr. USA Gymnastics Electric car Federal Reserve Prime Video Tesla Model 3 United States Congress Elon Musk Pandemic United States Fiscal policy Jerome Powell NASDAQ Composite
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-09-22 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	positive sentiment
http://data.cimple...readability_score	76 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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