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US stocks fall as investors turn cautious following records | News, Sports, Jobs

AP Business Writers Stocks closed modestly lower on Wall Street Tuesday as investors turned cautious a day after major indexes closed at their latest record highs. The S&P 500 slipped 0.2%, the benchmark index’s first decline in four days. Investors shifted money away from technology companies, which have been among of the biggest winners since the pandemic began. Industrial and financial stocks also fell broadly. Those losses outweighed gains in health care stocks and companies that rely on consumer spending. Small-company stocks, which have been the biggest gainers this month, fell more than the rest of the market, pulling the Russell 2000 index of smaller companies 1.8% lower. The index is still on track to end the month 7.7% higher, more than twice as much as the S&P 500.

Year-end session leaves bigger COVID-19 checks in Senate limbo

Print this article Increased stimulus checks remain in limbo in the Senate, where lawmakers are gathering Wednesday to begin the process of overriding President Trump’s veto of a critical defense bill. Senate Majority Leader Mitch McConnell on Tuesday blocked quick consideration of a House-passed bill to boost a new round of checks from $600 to $2,000 per individual. Instead, he proposed a measure that would combine the House bill with provisions Trump has been seeking to repeal a Big Tech lawsuit liability shield and to create a commission to study the integrity of federal elections. Democrats consider the additional provisions “poison pills” and will not back this bundled legislation, so it’s not expected to pass this week or by the end of the 116th Congress, which expires at 11:59 a.m. on Jan. 3.

A Senate NDAA Veto Override Would See New Sanctions Target Russia Pipeline Project Prized by Germany

If the U.S. Senate votes to override President Trump’s veto of the National Defense Authorization Act (NDAA) on Wednesday as expected, new U.S. sanctions targeting a controversial gas pipeline from Russia to western Europe could take effect soon, setting the scene for potential tensions between the incoming administration and Germany, whose government prizes the project.

Defying Trump, McConnell puts off vote on $2,000 checks, urges override of defense bill veto

Defying Trump, McConnell puts off vote on $2,000 checks, urges override of defense bill veto
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