U.S. Stocks Drop After Hope Fades for Expanded Aid: Markets Wrap
Bloomberg 12/29/2020 Vildana Hajric
(Bloomberg) U.S. stocks pulled back from record highs, with small-cap shares posting their biggest drop in a month, as prospects faded for bigger government aid checks to individuals. The dollar weakened.
The Russell 2000 Index tumbled almost 2%, while the S&P 500 finished only slightly lower. A gauge of global equities was set to close at a record after the U.S. House backed President Donald Trump’s proposal to boost aid checks for individuals, but pulled back from its high of the day as Senate Republicans blocked an attempt by Democrats to increase the direct payments to $2,000 from $600.
Global Stocks Head for Fresh Record on U S Aid: Markets Wrap
swissinfo.ch - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from swissinfo.ch Daily Mail and Mail on Sunday newspapers.
Stocks Rally to Records as Investors Cheer Aid
kmaj1440.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kmaj1440.com Daily Mail and Mail on Sunday newspapers.
U.S. Stocks Drop After Hope Fades for Expanded Aid: Markets Wrap
Bloomberg 12/29/2020 Vildana Hajric
(Bloomberg) U.S. stocks pulled back from record highs, with small-cap shares posting their biggest drop in a month, as prospects faded for bigger government aid checks to individuals. The dollar weakened.
The Russell 2000 Index tumbled almost 2%, while the S&P 500 finished only slightly lower. A gauge of global equities was set to close at a record after the U.S. House backed President Donald Trump’s proposal to boost aid checks for individuals, but pulled back from its high of the day as Senate Republicans blocked an attempt by Democrats to increase the direct payments to $2,000 from $600.