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Wall St. falls on tough stimulus talks, mixed earnings

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U.S. stock index futures retreated on Tuesday as lawmakers geared up to debate a coronavirus relief deal to limit the economic damage from the ...

REUTERS: Wall Street's main indexes fell on Tuesday as lawmakers geared up for grueling talks over a coronavirus relief package, with investors also weighing a mixed batch of earnings reports from blue-chip companies.

The U.S. Federal Reserve also said it would extend several of its lending facilities through the end of the year in a sign the economic impact of the novel coronavirus pandemic has been more prolonged than expected. Pfizer Inc rose 3.1per cent after it raised its full-year forecast on strong demand for cancer drugs and blood thinners. Late on Monday, the drugmaker announced a pivotal global study to evaluate a COVID-19 vaccine candidate.

The U.S. central bank is expected to reiterate its accommodative stance when it wraps up its two-day policy meeting on Wednesday afternoon.

 

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