Investors are coming to grips with a downshifting economic recovery and stalled government aid.
Wall Street’s main indexes were treading water on Friday as more investors come to grips with the realisation that the United States economic recovery is slowing and more government aid is likely required to keep it on track.
The Dow Jones Industrial Average was hovering near unchanged in mid-morning trading in New York, up 0.15 percent at 26,856.73.
The S&P 500 – a gauge for the health of US retirement and college savings reports – was up just shy of half of a percent, while the tech-heavy Nasdaq Composite Index was down 0.92 percent.
Democrats in the US House of Representatives on Thursday announced they had crafted a new $2.4 trillion virus relief bill that includes employment aid and direct payments to Americans.
Whether Democrats and Republicans will be able to agree on a virus aid package is far from certain though, given the intensifying political acrimony heading into the US…
__________________________________________________
You can Read this Complete Story at:
Source Link
__________________________________________________
Tags:
Dow Today, Dow Jones Today
__________________________________________________
Related Links:
Stock Market
Latest News on C N N.
__________________________________________________
2020-09-25 07:00:00
