U.S. Stock Futures Decline After Biden’s Spending-Bill Proposal
(Bloomberg) -- U.S. stock futures fell, erasing early gains, as investors assessed the details of President-elect Joe Biden’s $1.9 trillion spending-bill proposal that includes $350 billion in aid to states.Contracts on the S&P 500 Index were down 0.4% as of 11:36 a.m. in London, after rising as...
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Stocks Finish Lower as Wall Street Scrutinizes Biden Relief Plan
Stocks end down, closing a losing week, as President-elect Biden unveils a $1.9 trillion covid-19 relief package, big banks kick off earnings season, and U.S. retail sales lag.
So it begins. Giving state aid to states who cannot manage their funds is not very popular. Let's see how the market reacts.