US finishes mixed as Dems eye new stimulus
Shares on Wall Street ended Tuesday’s session mixed as Democrats plan to pass another coronavirus stimulus package after United States President-elect Joe Biden’s inauguration. According to documents sent to senators by incoming Senate Majority Leader Chuck Schumer, the new bill is set to include $2,000 stimulus checks to individuals across the country. Meanwhile, Biden urged the US Congress to “ensure prompt action” and raise the minimum wage to $15 per hour.
On the business front, Boeing said it recorded the worst net aircraft sales on record in 2020 as cancellations topped 650 last year.
The Dow Jones gained 0.19% to finish the volatile session up by 60 index points as Dow Inc climbed nearly 4%, while the S&P 500 stood flat concurrently despite Occidental Petroleum’s surge of almost 13%. The Nasdaq 100 lost 0.08% at the closing bell as Fiserv surrendered more than 3%. The euro advanced 0.43% to change hands for $1.22059 at 3:58 pm ET.
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