US stocks trade mixed as investors weigh $900 billion stimulus package against renewed virusfears
- Date: 22-Dec-2020
- Source: Business Insider
- Sector:Financial Markets
- Country:Middle East
US stocks trade mixed as investors weigh $900 billion stimulus package against renewed virusfears
Lucas Jackson/Reuters
US stocks traded mixed on Tuesday after Congress passed a multitrillion-dollar spending bill that includes $900 billion in new stimulus.The package, which also funds the government through September 30, includes $600 direct payments, $300 in additional federal unemployment benefits, and aid for small businesses. Investors are weighing the bill's passage against concerns around a new strain of the coronavirus in the UK.Oil futures fell as investors viewed the new virus variant as a risk to near-term energy demand. West Texas Intermediate crude fell as much as 2.9%, to $46.60 per barrel.Watch major indexes update live here.
US equities edged higher on Tuesday after Congress passed a $2.3 trillion bill that included government funding and a new tranche of stimulus measures.
Lawmakers approved the measure Monday night after months of negotiations over additional fiscal support. The bill, which includes $900 billion in new stimulus, funds the government through September 30. The package also includes $600 direct payments, $300 in additional federal unemployment benefits, and funds for the Paycheck Protection Program.
Here's where US indexes stood shortly after the 9:30 a.m. ET market open on Tuesday:
S&P 500: 3,693.74, down 0.1%Dow Jones industrial average: 30,091.77, down 0.4% (130 points)Nasdaq composite: 12,819.98, up 0.6%
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