Stocks end higher as investors remain optimistic on stimulus prospects

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Stocks ended higher Thursday, with analysts tying support to continued optimism over prospects for some form of additional fiscal stimulus despite a lack of progress on that front in Washington. House Speaker Nancy Pelosi, D-California, said she opposed a standalone relief package for airlines, saying help would need to be accompanied by a broader bill. President Donald Trump has called for piecemeal support measures after previously calling off talks with Democrats until after the election. The Dow Jones Industrial Average rose around 123 points, or 0.4%, near 28,426, according to preliminary figures, while the S&P 500 advanced around 27 points, or 0.8%, to end near 3,447. The Nasdaq Composite finished near 11,421, up around 56 points, or 0.5%. Deal activity was also a feature of Thursday’s trade, with shares of Eaton Vance Corp. soaring 48% after Morgan Stanley said it was buying the fund manager in a deal valued at $7 billion. Morgan Stanley shares rose 0.7%.
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