Stocks Pull Back as Hopes for Expanded COVID Aid Dim wvlkam.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wvlkam.com Daily Mail and Mail on Sunday newspapers.
U.S. stocks slip as hope fades for expanded aid
Cecile Gutscher, Bloomberg News VIDEO SIGN OUT
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 per cent, 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 Trumpâs 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 US$2,000 from US$600.
Most Stocks Slump as Hope Fades for Expanded 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.
U.S. Stocks Drop After Hope Fades for Expanded Aid: Markets Wrap
This content was published on December 29, 2020 - 21:01
December 29, 2020 - 21:01
(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.
Gold headed for the highest close in seven weeks after President Donald Trump signed a US$900 billion coronavirus stimulus package, pumping more state funds into the world’s top economy. Silver surged.