An FDA panel is expected to endorse Moderna's COVID-19 vaccine

Stocks rallied to record highs Thursday as Congress moved closer to reaching a deal on a COVID-19 relief package.


The Dow Jones Industrial Average was up 144 points, or 0.48%, while the S&P 500 and the Nasdaq Composite were higher by 0.59% and 0.58%, respectively. The early advance comes a day after the Federal Reserve kept policy on hold and reiterated its intention to keep rates low for years.

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Top lawmakers will on Thursday continue to try to work out the final details of the $908 billion bipartisan proposal that is gaining momentum.

The package is made up of two parts – a $748 billion bill that extends unemployment benefits, Paycheck Protection Program funding and potentially direct payments to individuals; and a $160 billion bill that provides funding for state and local governments and liability protections for businesses. Read more at FOX Business