US stocks close mixed as traders await further economic stimulus

SourceBusiness Insider
SectorFinancial Markets
CountryMiddle east

A sanitizing station is seen on the trading floor of the New York Stock Exchange. REUTERS/Brendan McDermid US stocks were mixed on Wednesday as investors await further stimulus support from the government. Affirm spiked as much as 110% on Wednesday after the loan provider's public-market debut.The company's shares started trading publicly at around 12:20 p.m. ET and quickly surged above its offering price of $49. Bitcoin climbed higher after plummeting from record highs earlier this week. The world's largest cryptocurrency traded at roughly $36,000 Wednesday afternoon after sliding as low as $30,305.30 Monday night.Sign up here our daily newsletter, 10 Things Before the Opening Bell. US stocks were mixed on Wednesday as investors await news on another round of stimulus support from the government.  "We're a week away from a new President being sworn into office and the market is interested in the economic plan and, in particular, what might be expected when it comes to coronavirus relief measures.  Some market participants are expecting a broader stimulus package but what is unclear at this point is how any future fiscal policy will be offset by tax increases," said Brian Price, CommonWealth Financial Network head of investment management.   The House of Representatives is debating the impeachment ...read more...