US stocks slide as investors balk at stimulus delay and surging COVID-19 cases - Business Insider

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US stocks slide as investors balk at stimulus delay and surging COVID-19 cases

US equities fell on Tuesday as soaring coronavirus cases and a holdup in stimulus negotiations dragged on investor sentiment.

Hopes for a $908 billion stimulus package passing before the end of the year softened Monday afternoon. Senate Majority Mitch McConnellThe senator's proposal trades state and local government relief and bolstered unemployment benefits for education and small business aid, as well as pandemic-related liability protections for businesses.

Until then, both Democrats and Republicans had warmed to the $908 billion proposal. Lawmakers now aim to extend government funding by a week to

 

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