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As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowStocks closed higher on Wall Street on Wednesday, but gave up much of an afternoon rally after CNBC reported that a dispute between Sen. Bernie Sanders and Republicans over unemployment aid could cause the coronavirus aid bill to be delayed.
The S&P 500 rose 1.2%, to 2,475, after being up 5.1% earlier on hopes the package would be passed soon.
The Dow Jones industrial average increased 495 points, or 2.4%, to 21,200. The Nasdaq ticked down 33 points, to 7,384.
It was the first back-to-back gain since the outbreak set off a brutal sell-off five weeks ago.
The market is down by about a quarter from its record high set last month. Investors expect markets to remain volatile until the number of new cases peaks.
This story will be updated.
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Bernie Sanders should be but a small footnote in history by now.