No deal on stimulus ... yet | Stocks higher | Black-owned businesses hit harder

Stocks rose slightly as lawmakers remained stalemated on on a new coronavirus stimulus bill.

VIEW IN BROWSER | SUBSCRIBE TUE, AUG 04, 2020 EVENING BRIEF AS OF TUE, AUG 04, 2020 • 04:16 ET DJIA 26828.47 +0.62% +164.07 S&P 500 3306.51 +0.36% +11.90 NASDAQ 10941.17 +0.35% +38.37   Most Active DOW NAME LAST CHG %CHG MSFT 213.29 -3.25 -1.50% AAPL 438.66 +2.91 +0.67% BA 165.07 +2.80 +1.73% S&P 500 NAME LAST CHG %CHG AMD 85.04 +7.37 +9.49% GE 6.14 +0.03 +0.49% F 6.86 +0.17 +2.54% NASDAQ NAME LAST CHG %CHG AMD 85.04 +7.37 +9.49% AAL 11.47 +0.39 +3.52% MSFT 213.29 -3.25 -1.50%   EDITOR'S NOTE Stocks edged higher Tuesday as investors continued to expect a congressional deal on a new coronavirus stimulus bill - and still, there was none.   Millions of unemployed Americans have been left high and dry as a $600 weekly expanded jobless benefit expired on Friday while Democrats and Republicans remained at odds. But as usual, investors hold out hope for a breakthrough.   "Congress will muster the fortitude to deliver near-term stimulus support,"  Darrell Cronk, president of Wells Fargo Investment Management, wrote in a note. "However, a greater challenge comes in 2021 when this year's extraordinary fiscal stimulus programs fade."       The recovery is dependent on stimulus. CNBC's Jesse Pound takes a look at credit card spending data from JPMorgan, which appears to be a lot like the data from weekly jobless claims and hours worked by service sector employees. It all stalled in June as coronavirus cases resurged.   The JPMorgan findings show spending has been 10% or more below its 2019 levels for more than a month after rising from its lows in late March and early April, Pound writes.   "The coronavirus pandemic has caused great harm to the economy and the labor market," economists at the St. Louis Federal Reserve concluded in a blog post published Tuesday. "The recent evolution in our coincident employment index suggests that the recent recovery in employment has halted and that the increase in Covid-19 may be the main cause for this."   Subscribe to CNBC PRO for exclusive insights and analysis, and live business day programming from around the world. Al Lewis | CNBC Markets Editor @tellittoal TOP NEWS  Dow rises for a third day as coronavirus relief talks continue Congress, White House struggle to break coronavirus aid stalemate as economic pain spreads The $600 unemployment boost is gone. That leaves some with just $5 a week Black-owned businesses hit harder during pandemic and need more aid, Fed paper says Track the latest coronavirus news here Google, Facebook, other big companies call on Congress to help small businesses: Or losses could be 'catastrophic' Home prices see strong June bounce, but economists warn it likely won't last Credit card data from JPMorgan Chase shows the economic recovery may be stalling Apple marketing chief Phil Schiller steps down from role Trump says coronavirus death toll 'is what it is' as he insists pandemic is 'under control' in U.S.   TOP VIDEO 'This is a five alarm emergency' — Former Starbucks CEO Howard Schultz calls for more small business relief   CNBC PRO GE's earnings were 'optically abysmal,' but the stock is a buy, William Blair says     SPECIAL REPORTS 'Ominous' market pattern could signal a 10% sell-off, CFRA's Sam Stovall warns Shares of electric vehicle makers Nio and Nikola could be a better bet than Tesla, traders say   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