What to watch today: Stocks fall as S&P and Nasdaq try to shake off down week

SectorFinancial Markets
CountryMiddle east

BY THE NUMBERS IN THE NEWS While daily U.S. Covid deaths have been dropping in recent weeks, total fatalities from the disease in America, the highest of any single country in the world, could exceed 500,000 as soon as Monday, based on data from Johns Hopkins University. When it happens, President Joe Biden plans to mark the sad milestone with a moment of silence and candle lighting ceremony at the White House. (Associated Press) Biden also is launching changes Monday to the Paycheck Protection Program to try to reach smaller, minority-owned firms and sole proprietors left behind in previous rounds of aid.

 For two weeks, starting Wednesday, the Small Business Administration will only accept applications for forgivable PPP loans from firms with fewer than 20 employees. The program was relaunched last month with $284 billion in new funds from a Covid relief bill passed in late December. About $150 billion of PPP money is still available, according to a Biden administration official. (Reuters) United Airlines (UAL) will temporarily remove 24 of...read more...