Stocks close little changed as stimulus negotiations drag on, unemployment data disappoints

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Stocks closed little changed today, as Washington struggles to push through new fiscal stimulus. The Dow fell 0.24%. The S&P 500 slid 0.13%. The Nasdaq rose 0.54%.

outperformed with a 0.5% gain, closing at 12,405.81 as Netflix and Apple each rose more than 1%.

House Speaker Nancy Pelosi told reporters Thursday that bipartisan negotiations were leading to "great progress" for an additional government aid package. However, Pelosi added that both sides were still debating over a liability waiver for businesses. The House of Representatives passed a government funding extension Wednesday that would keep the federal government running through Dec. 18 and buy time for further negotiations for a bigger relief bill.

"The markets are already discounting a smoother vaccine rollout and stimulus; if we don't get stimulus by the end of the year ... you could definitely have a risk-off move in the market," he said. Rybinski added, however, he would use those declines as buying opportunities as the economic outlook starts to improve for the second half of 2021.Jobless claims jump, topping a Dow Jones estimate of 730,000.

 

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🙏🏻❤️Can someone help us please! I am a single father of 2. I just claimed my last available unemployment benefits this week. I'm hoping to find a new job or get stimulus to keep a place to stay past 12/31. If you can spare it anything helps 🙏🏻🙏🏻❤️

Megabullish blackrock good job

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