Market Brief – Friday 10/9/20

Stocks popped in overnight trading after President Trump announced he wanted a “mega-deal” for a stimulus package. The dollar slumped in overnight trading and Treasury yields rose slightly on the news.

Stocks closed higher as investors kept are holding their stimulus optimism into the long weekend even though the time to pass another stimulus package is running short. After rising on stimulus hope, Treasury yields fell and closed flat on the day.