By Stephen Culp
NEW YORK, Oct 8 (Reuters) – U.S. stock indexes touched one-month highs and crude prices gained ground on Thursday amid signs of progress in fiscal aid negotiations.
U.S. House Speaker Nancy Pelosi said emergency aid for commercial airlines was a matter of national security and could only pass through Congress with assurances that negotiations will continue toward crafting a broader pandemic relief package.
And while White House adviser Larry Kudlow said the Trump administration would like to see “standalone” bills to provide additional unemployment assistance and extend the Paycheck Protection Program, Senate Leader Mitch McConnell warned there remain “vast differences” between Democrats and Republicans regarding the size of a more comprehensive deal.
“We’re seeing the broad market lift and certainly cyclical sectors are doing well,” said Tim Ghriskey, chief investment strategist at Inverness Counsel in New York. “That shows that the market is anticipating some kind