US Stocks Close Mixed
Wall Street closed little changed on Friday and the Dow snapped a three-day winning streak, as fiscal stimulus uncertainty continued amid rising cases in the US and Europe. While House Speaker Nancy Pelosi signalled optimism that a stimulus bill can be approved, she also admitted that it may take a while for legislation to be written and signed. Meanwhile, Treasury Secretary Mnuchin said “We’ve offered compromises, The speaker, on a number of issues, is still dug in. If she wants to compromise, there will be a deal". On the pandemic side, Covid-19 hospitalizations rose and reached new records across the US West and Midwest on Thursday. The Dow Jones lost 28 points or 0.1% to 28336. In contrast, the S&P 500 added 12 points or 0.3% to 3465 and the Nasdaq gained 42 points or 0.4% to 11,548. During the week, the Dow lost 0.9%, the S&P declined 0.5% and the Nasdaq dropped 1.1%.
10 hours ago