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Wall Street slips from record levels, additional stimulus uncertain

The Dow Jones Industrial Average fell 101.76 points, or 0.33%, to 30,302.21, the S&P 500 lost 9.84 points, or 0.26%, to 3,725.52 and the Nasdaq Composite dropped 57.54 points, or 0.45%, to 12,841.89

wall street

Volumes are expected to be light in the holiday-shortened week, which could lead to volatility

Chuck Mikolajczak | Reuters New York
US stocks fell from record highs on Tuesday in choppy trading, as investors worried about the path of reopening the economy and whether the Senate would approve additional pandemic aid checks.
US Senate Majority Leader Mitch McConnell said the chamber would address this week President Donald Trump's call for an increase in stimulus payments from $600 to $2,000, after blocking an immediate consideration of the measure on Tuesday. Final passage of the proposal would require 60 votes and the backing of a dozen Republicans.
McConnell's comment comes a day after Democratic-led House of Representatives approved the move to bump up direct payments.

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First Published: Dec 30 2020 | 2:43 AM IST

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