The Standard & Poor’s 500 slipped 0.2%, the benchmark index’s first decline in four days. Investors shifted money away from technology companies, which have been among the biggest winners since the pandemic began. Industrial and financial stocks also fell broadly. Those losses outweighed gains in healthcare stocks and companies that rely on consumer spending.
“That segment is probably due for a little bit of a pullback given its outperformance,” said Terry Sandven, chief equity strategist at U.S. Bank Wealth Management.The S&P 500 fell 8.32 points to 3,727.04. The Dow Jones industrial average dropped 68.30 points, or 0.2%, to 30,335.67. The tech-heavy Nasdaq slid 49.20 points, or 0.4%, to 12,850.22. The Russell 2000 gave up 36.89 points to 1,959.36.
Wall Street set fresh records Monday after President Trump signed a wide-ranging spending bill that includes $900 billion in COVID-19 aid and reams of other legislation on taxes, energy, education and healthcare. Investors hope that the measures will help tide the economy over until more people get vaccinations and help it through its pandemic-induced slump.
The only other pending set of business from Washington is whether Senate Republicans will pass Trump’s push to get $2,000 stimulus checks to Americans instead of the current $600. Senate Majority Leader Mitch McConnell on Tuesday blocked Democrats’ push to immediately bring the president’s demandup for a vote, saying the chamber would “begin a process” to address the issue.
Republican Louisiana, Congress man, Luke Letlow 41 age Dies of COVID-19 Tuesday December 29th 2020 Maybe now Mitch McConnell will take the Virus more Serious a very SAD day to see a young man die!!!
The prognosis is grim for 2021.
thanks