Stock Market Today: With Eyes Only for Stimulus, Investors Keep Buying

Wall Street kept its sights squarely on the high likelihood of a stimulus bill Thursday, ignoring discouraging jobs and small business data.

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(Image credit: Getty Images)

Stocks continued their broad but modest gains Thursday as the promise of COVID stimulus aid helped overshadow troubling economic signals.

Senate Majority Leader Mitch McConnell said it was "highly likely" that both stimulus and funding negotiations would continue through the weekend – a nearly $1 trillion deal appears imminent. And it's none too soon: Jobless claims climbed to 885,000 last week, up from 862,000 previously and the highest such figure since early September.

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Kyle Woodley

Kyle Woodley is the Editor-in-Chief of WealthUp, a site dedicated to improving the personal finances and financial literacy of people of all ages. He also writes the weekly The Weekend Tea newsletter, which covers both news and analysis about spending, saving, investing, the economy and more.

Kyle was previously the Senior Investing Editor for Kiplinger.com, and the Managing Editor for InvestorPlace.com before that. His work has appeared in several outlets, including Yahoo! Finance, MSN Money, Barchart, The Globe & Mail and the Nasdaq. He also has appeared as a guest on Fox Business Network and Money Radio, among other shows and podcasts, and he has been quoted in several outlets, including MarketWatch, Vice and Univision. He is a proud graduate of The Ohio State University, where he earned a BA in journalism. 

You can check out his thoughts on the markets (and more) at @KyleWoodley.