(25 September 2020)DAILY MARKET BRIEF 1:Wall Street Bounces Back

<p>US equities ended higher on Thursday after a rough session. Investors reacted to mixed economic data, with optimism surrounding the surge in new home sales offsetting the disappointment caused by the surprising increase in jobless claims. Also, bulls leveraged the news that Democrats in the House of Representatives are working on a $2.2 trillion stimulus package. The bill is expected to be voted next week. Still, the stock indices need a major boost on Friday in order to end the week higher, which most likely won’t happen. On Thursday, the S&amp;P 500 rose 0.30%, Dow Jones added 0.20%, and Nasdaq increased by 0.37%. Tech giants, including Amazon, Apple, Facebook, and Nvidia, have all increased. Initially, stock indices started the session lower after the Labor Department said that jobless claims rose 870,000 in the week ending September 19, up from 866,000 in the previous week, while analysts expected a decline to 840,000. The unexpected increase suggests that the economic recovery is</p>