International Business: Asian shares step back, Microsoft s brisk earnings boost tech optimism gdnonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gdnonline.com Daily Mail and Mail on Sunday newspapers.
5 Min Read
WASHINGTON (Reuters) - The U.S. Senate and House of Representatives will move next week on President Joe Biden’s plan to deliver a fresh infusion of COVID-19 relief to Americans and businesses reeling from the pandemic, top Democrats said on Thursday.
Senate Majority Leader Chuck Schumer said his narrowly divided chamber would begin work on a “robust” coronavirus package as early as next week, while House Speaker Nancy Pelosi predicted that Congress would complete a key preliminary step before the end of next week.
The move reflects Democrats’ desire to use their newfound Senate control to help Biden move quickly on his top policy priority before the Senate turns to the impeachment trial of former President Donald Trump later next month.
The Dow Jones Industrial Average fell 22.96 points, or 0.07%, to 30,937.04, the S&P 500 lost 5.74 points, or 0.15%, to 3,849.62 and the Nasdaq Composite dropped 9.93 points, or 0.07%, to 13,626.07.
Asian equities looked set to rise on Wednesday, bouncing back from a steep sell-off on Tuesday, while Australian stocks were seen opening weaker in a catchup after a Tuesday holiday.
TOKYO/NEW YORK Asian equities slipped on Wednesday as investors looked to the Federal Reserve’s guidance on its monetary policy while futures for U.S. tech…