Next market move up to Congress | Santoli on how 2020's comeback stacks up | Buffett's latest moves

ocks could hang at record levels but gains may be capped until Congress agrees to a new stimulus package to help the economy and the millions of unemployed Americans.

VIEW IN BROWSER | SUBSCRIBE SAT, AUG 15, 2020 WEEKEND BRIEF EDITOR'S NOTE   Close, but no cigar on Wall Street this week.   The S&P 500 attempted multiple times this week to break above 3,393.52, the record intraday high set on Feb. 19. The broader market index even traded above its closing all-time high of 3,386.15 on numerous occasions throughout the week. But in the end, those attempts were futile.   Some Wall Street strategists noted the S&P 500's struggles to reach its all-time high came as traders shuffled money between the major tech stocks such as Facebook and Amazon as well as the so-called reopening names like United Airlines and Gap. Bank stocks were also volatile throughout the week. Until those groups can rise together, we may not break out to the new high.   "This is a very bifurcated market," said Gina Bolvin, president of Bolvin Wealth Management. "People are talking about the market being at an all-time high, but there're all these value stocks, like the financials" that have yet to recover.   Wall Street's inability to make a fresh record high came despite the release of solid economic data. Weekly jobless claims came in below 1 million for the first time since March. Retail sales for July excluding autos topped analyst expectations.   However, uncertainty around a key coronavirus stimulus bill dampened market sentiment and could continue to do so in the week ahead. Lawmakers have left Washington, with both Democrats and Republicans indicating they're at a stalemate on negotiations.   Be sure to check out CNBC PRO for full coverage of the latest moves of big money investors.  Fred Imbert | CNBC Markets Reporter @foimbert MICHAEL SANTOLI'S MARKET COLUMN The 2020 comeback to record highs resembles storied market revivals of the past   THE WEEK AHEAD Stocks are ignoring the lack of a stimulus package from Congress, but that could change   YOUR WEEKEND BRIEFING  Warren Buffett made a bunch of stock moves last quarter — Here are the highlights Trump orders ByteDance to divest from its U.S. TikTok business within 90 days US-China trade deal review postponed as China ramps up farm, energy purchases Resilient stocks like AT&T and SurveyMonkey are riding coronavirus tailwinds, analysts say Election officials warn it could take weeks to determine results in November David Tepper bets big on e-commerce in the second quarter — check out his new moves Apple and Google remove Fortnite from their app stores—Here's the impact Starboard Value's Jeffrey Smith cuts EBay stake, bets big on software     Unsubscribe Manage Newsletters Terms of Service Join the CNBC Panel Digital Products Feedback Privacy Policy   © 2020 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis. Data also provided by THOMSON REUTERS