Even $1,400 Checks Aren’t Exciting Wall Street
Jan 15, 2021
News that President-elect Joe Biden is asking Congress to pass a $1.9 trillion stimulus package would normally give markets a big boost. Not this time. U.S. stocks slid on Thursday, and futures indicate they could lose more ground Friday. The S&P 500 has shed 0.8% this week, setting it up for its first weekly decline of the year. What’s happening: Markets are in a holding pattern as the impeachment of President Donald Trump unfolds in Washington. Given the looming trial in the Senate, it’s not clear whether lawmakers will be able to give their full attention to Biden’s economic agenda, despite the urgent need for additional support. Read more at CNN Business.