US stocks closed mixed as investors weigh positive jobs data against stimulus stalemate | Markets Insider

Bank of America shares a simple stock-trading strategy with a track record of repeatedly beating the market - including the 20 companies that best exploit it now

The better-than-expected jobs data lifted stocks from a modest decline in early trading. The S&P 500 and Dow slid through the session as investors grappled with the possibility of stimulus talks lasting for weeks. House Speaker Nancy Pelosi knocked the White House Wednesday afternoon, saying that Democrats were"willing to resume negotiations" when the Trump administration starts"to take this process seriously."

Senate Majority Leader Mitch McConnell said Thursday afternoon the Senate will go on recess until September, further dashing hopes for a near-term deal. If a compromise is reached before then, lawmakers are to return to the capitol within 24 hours, he said.

The S&P 500 brushed up against its February peak before relinquishing gains and tumbling through the afternoon. The index closed just below record highs in the past two trading sessions as investors fluctuated between tech mega-caps and neglected cyclical stocks.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Vocal critics of the US pandemic response are emerging: it's central bankers - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

How Huawei could pivot following US sanctions against its in-house chip production - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Taiwanese firms should wise up and stay away from Huawei. It would be in their business interest.
Source: BusinessInsider - 🏆 729. / 51 Read more »

South Korean firms like Mirae, Meritz could lose big on US hotel loans - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

US weekly jobless claims fall below 1 million for the first time since March - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »