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
This content was published on December 18, 2020 - 21:08
December 18, 2020 - 21:08
(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.
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 carmakerâs Monday debut.
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Treasury yields ticked lower. 08:55
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Most Asian stocks slipped with US and European futures Friday amid fresh US-China tensions and as lawmakers continued to wrangle over a federal-spending deal in Washington. The dollar pushed higher.
Shares dipped across much of Asia Pacific on volumes below the recent average. Sentiment took a hit after Reuters reported the US is set to blacklist dozens of Chinese firms. S&P 500 futures pulled back after the index closed at a record high. A bipartisan US stimulus deal âappears to be close at hand,â Senate Majority Leader Mitch McConnell said, but will probably require work over the weekend to get through Congress. Investors earlier took an unexpectedly large rise in jobless claims as a sign the two sides would be prodded toward an agreement. Treasury yields ticked lower.
U.S. stocks decline with lawmakers at odds on aid bill
Cecile Gutscher, Bloomberg News VIDEO SIGN OUT
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.
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 carmakerâs Monday debut.