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Stocks end a wobbly day with mixed results; yields increase | national news




The S&P 500 fell 7.26 points to 3,906.71. The index hit a record high just over a week ago. The Dow closed essentially unchanged, gaining 0.98 points, or less than 0.1%, at 31,494.32. The Nasdaq composite added 9.11 points, or 0.1%, to 13,874.46.

The Russell 2000 Small-Cap Index climbed 48.30 points to 2,266.69. The rally in small businesses is a sign that investors were anticipating increased economic growth.

Wall Street continues to look to Washington for direction, as Democrats move forward with their $ 1.9 trillion stimulus package to fight the coronavirus. Further action was taken this week, with the Biden administration announcing it would drop its call for a minimum wage of $ 15 an hour in this stimulus package in order to gain support from moderate Democratic senators.

The stimulus package would include 1,400 checks to most Americans, additional payments for children and billions of dollars in aid to state and local governments as well as additional help to businesses affected by the pandemic.

Much of the recent economic data has shown that the US economy could benefit from further stimulus. Wall Street received a weekly jobless claims report Thursday that showed 861,000 Americans filed for unemployment last week, an increase from the previous week and higher than Wall Street had expected. The Federal Reserve, in the minutes of its January meeting, also explained why further stimulus would be needed and not cause the economy to overheat.

What Are The Main Benefits Of Comparing Car Insurance Quotes Online

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