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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	Wall Street stocks opened higher on Wednesday as traders awaited congressional passage of President Joe Biden's $1.9 trillion stimulus plan, which is expected to boost the US economy's recovery. Markets had flinched in recent sessions after bond yields rose in a sign that the injection of government cash into the economy could send inflation upwards and push the Federal Reserve to raise rates. But a government report released before markets opened showed no sign of an inflationary spike in February, and indices resumed upward progress that had begun on Tuesday as investors snapped up equities that had been hurt in recent sell-offs. About 30 minutes into trading on Wednesday, the benchmark Dow Jones Industrial Average was up 1.0 percent to 32,146.42. The broad-based S&P 500 climbed 0.8 percent to 3,906.97, while the tech-rich Nasdaq Composite Index, which has been under pressure in recent weeks, rose 1.1 percent to 13,212.63. Biden's massive rescue package was set for a vote later in the day in the House of Representatives, and includes hundreds of billions of dollars aimed at improving Covid-19 vaccinations and supporting the unemployed, as well as paying for another round of stimulus checks for consumers. Patrick O'Hare of Briefing.com said Labor Department data showing the Consumer Price Index rising 0.4 percent, or about as much as analysts had expected, in February propelled the upbeat opening. "The key takeaway from the report is the recognition that it didn't contain any headline surprises to fan the flames of inflation concerns," he said. General Electric fell 5.8 percent after announcing it would sell its aircraft leasing subsidiary GECAS to Ireland's AerCap in a $30 billion deal that will create a massive aviation company. cs/dw
schema:headline	US stocks resume climb as Biden relief plan nears passage
schema:mentions	Consumer price index General Electric O'Hare International Airport S&P 500 Index Stock Dow Jones Industrial Average Patrick Star Republic of Ireland Federal Reserve Australian Labor Party Inflation Joe Biden President of the United States Coronavirus disease 2019 GE Capital Aviation Services AerCap Aircraft lease Data warehouse NASDAQ Composite
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2021-03-10 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	neutral sentiment
http://data.cimple...readability_score	65 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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