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economic stimulus talks are back on in Washington, and that helped propel the S and P 500 the NASDAQ to record closing highs.
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The Dow, which gained 185 points on Tuesday, is less than one full percent away from the record peak set last month.
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The S and P 500 jumped 40 points.
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The NASDAQ surged 156.
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Data Trek Researches Nick Colas We're finally hearing Washington get serious about stimulus and perhaps by the end of the year, that's critically important because we're facing a big fiscal cliff with people not getting any kind of renewal on everything from their unemployment insurance, unemployment benefits to other benefits at the end of this year.
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We need a stimulus plan now.
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Market likes the fact that we're hearing about that.
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Investors also cheered the latest vaccine news.
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Pfizer and his German partner, Beyond Tech have asked for emergency European approval for their covert 19 vaccine.
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Pfizer shares touched their highest in over a year.
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Wall Street had another big deal to digest.
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Cloud software provider Salesforce has offered to buy a workplace messaging app slack in a near $28 billion cash and stock deal Salesforce is looking to take on its rival Microsoft, which has its own messaging app called teams.
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Shares of Salesforce were down nearly 2%.
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Slack rallied more than 2% to its highest since going public last year.
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It was a tough day for video conferencing, app Zoom.
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The stock tumbled 15% after the company issued a disappointing outlook for next year.