U.S. Stocks Fall With Congress at Odds on Aid Bill: Markets Wrap
Bloomberg 12/18/2020 Kamaron Leach and Sarah Ponczek
(Bloomberg) U.S. stocks fell after Republican demands left Congress without a deal on a federal spending bill. Tesla Inc. edged higher in heavy trading ahead of its inclusion in the S&P 500.
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The benchmark index halted a three-day winning streak, though ended well of session lows with a late rally in aflood of trading volume associated with the quarterly expiration of options and futures on stocks and indexes. Almost 200 million shares of Tesla traded hands, four times the 30-day average, as funds benchmarked to the S&P 500 adjusted ahead of the carmaker’s Monday debut.
U.S. Stocks Fall With Congress at Odds on Aid Bill: Markets Wrap
Bloomberg 12/18/2020 Kamaron Leach and Sarah Ponczek
(Bloomberg) U.S. stocks fell after Republican demands left Congress without a deal on a federal spending bill. Tesla Inc. edged higher in heavy trading ahead of its inclusion in the S&P 500.
Popular Searches
The benchmark index halted a three-day winning streak, though ended well of session lows with a late rally in aflood of trading volume associated with the quarterly expiration of options and futures on stocks and indexes. Almost 200 million shares of Tesla traded hands, four times the 30-day average, as funds benchmarked to the S&P 500 adjusted ahead of the carmaker’s Monday debut.
Oil posts weekly gain with stimulus hopes aiding vaccine rally
Andres Guerra Luz, Bloomberg
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Abandoned tanks in Penwell, Texas on Monday, April 27, 2020.Elizabeth Conley/Staff photographer
Oil rose for a seventh straight week as efforts to pass another U.S. virus relief package added to optimism that the vaccine’s rollout will provide a long-awaited boost to demand.
Futures rose 1.5% in New York on Friday, extending this week’s rally to over 5%. Talks on a relief package have made some headway, with Senate Majority Leader Mitch McConnell saying he’s “even more optimistic now” that an agreement is near. Recent progress in rolling out a Covid-19 vaccine has also buoyed the outlook for consumption.
Stocks Struggle For Traction; Dollar Strengthens: 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 Fall With Congress at Odds on Aid Bill: Markets Wrap
Bloomberg 12/18/2020 Kamaron Leach and Sarah Ponczek
(Bloomberg) U.S. stocks fell after Republican demands left Congress without a deal on a federal spending bill. Tesla Inc. edged higher in heavy trading ahead of its inclusion in the S&P 500.
Popular Searches
The benchmark index halted a three-day winning streak, though ended well of session lows with a late rally in aflood of trading volume associated with the quarterly expiration of options and futures on stocks and indexes. Almost 200 million shares of Tesla traded hands, four times the 30-day average, as funds benchmarked to the S&P 500 adjusted ahead of the carmaker’s Monday debut.