Dow set to rise after rally on improving Trump health, hopes for stimulus

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Dow futures pointed to a higher Tuesday open after Wall Street soared following President Donald Trump‘s afternoon tweet that he was leaving Walter Reed National Military Medical Center on Monday evening. He did indeed return to the White House to continue his Covid-19 treatment and recovery, easing concerns about more political uncertainty ahead of Election Day. (CNBC)

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Investors also bought stocks on hopes that Capitol Hill can come through with an additional coronavirus stimulus package. On Monday, the Dow closed up 465 points or 1.7%, while the S&P 500 and Nasdaq rose 1.8% and 2.3%, respectively. Later Tuesday morning, Fed Chairman Jerome Powell speaks at the annual meeting of the National Association for Business Economics at 10 a.m. ET. (CNBC)

On today’s economic calendar, the Commerce Department is out with August trade balance figures at 8:30 a.m. ET, with economists calling for a deficit

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