Stocks continue gains as COVID-19 relief remains in question

Stock markets opened to gains for the third day counting as the status of another fiscal relief package remained up in the air in Washington.

The Dow Jones Industrial Average opened up 160 points, or 0.6 percent, and the S&P 500 was up 21 points, or 0.6 percent.

Markets shuddered on Tuesday when President Trump

Donald John TrumpBiden campaign raises over M on day of VP debate Trump chastises Whitmer for calling him ‘complicit’ in extremism associated with kidnapping scheme Trump says he hopes to hold rally Saturday despite recent COVID-19 diagnosis MORE abruptly tweeted that he was pulling the plug on negotiations between Treasury Secretary Steven MnuchinSteven Terner MnuchinOn The Money: Trump says talks on COVID-19 aid are now ‘working out’ | Pelosi shoots down piecemeal approach | Democrats raise questions about Trump tax audits House Democrats to unveil bill to create commission on ‘presidential capacity’ Trump’s new Iran sanctions raise alarm over humanitarian access MORE and House Speaker Nancy PelosiNancy PelosiOn The Money: Trump says talks on COVID-19 aid are now ‘working out’ | Pelosi shoots down piecemeal approach | Democrats raise questions about Trump tax audits Trump retweets reporter saying 25th Amendment is not equivalent to a ‘coup’ Trump responds to Pelosi bringing up 25th Amendment: ‘Crazy Nancy is the one who should be under observation’ MORE (D-Calif.) over a $1 trillion-$2 trillion COVID-19 relief bill.

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Trump has since backtracked, first calling for passing a series of separate bills, an approach Pelosi has rejected since summer, then saying he wants to go big.

For her part, Pelosi pulled back on her own call to pass airline aid separately, saying on Thursday that such a bill could only pass in the context of a larger deal.

Mnuchin and Pelosi have continued talks, but the outcome remains uncertain just 25 days before Election Day.

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