U.S. stocks fought for gains as optimism about Congressional passage of a $900 billion COVID-19 relief bill countered concern ab

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2020-12-22 15:41

U.S. stocks fought for gains as optimism about Congressional passage of a $900 billion COVID-19 relief bill countered concern about new variants of the virus.

U.S. stock futures were mixed Tuesday morning after Congress passed a $900 billion COVID-19 aid package. The Dow Jones Industrial Average dropped 0.28%, while the broader S&P 500 fell 0.13 percent after earlier gains. The tech-heavy Nasdaq rose 0.17%. The aid package will give a $600 direct payment to most Americans and an additional $300 per week of supplemental unemployment insurance through March.. Paycheck Protection Program loans and COVID-19 vaccine rollouts are among the other programs that will receive funding.
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U.S. stocks fought for gains as optimism about Congressional passage of a $900 billion COVID-19 relief bill countered concern ab

U.S. stocks fought for gains as optimism about Congressional passage of a $900 billion COVID-19 relief bill countered concern about new variants of the virus.