Stocks slipped from record highs in volatile trading on Friday as lawmakers struggled to bridge differences on additional coronavirus stimulus measures.
 | FRI, DEC 18, 2020 | | | | DOW | | NAME | LAST | CHG | %CHG | | AAPL | 126.66 | -2.04 | -1.59% | | INTC | 47.46 | -3.19 | -6.30% | | MSFT | 218.59 | -0.83 | -0.38% | |
| | S&P 500 | | NAME | LAST | CHG | %CHG | | AAPL | 126.66 | -2.04 | -1.59% | | INTC | 47.46 | -3.19 | -6.30% | | GE | 10.81 | -0.06 | -0.55% | |
| | NASDAQ | | NAME | LAST | CHG | %CHG | | TSLA | 695.00 | +39.10 | +5.96% | | AAPL | 126.66 | -2.04 | -1.59% | | INTC | 47.46 | -3.19 | -6.30% | |
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Time is running out for Congress to avoid a government shutdown and reach a stimulus deal. Stocks slid from all-time highs as lawmakers remained divided over the next coronavirus rescue package. Leaders on Capitol Hill have said for days they are close to a deal on a $900 billion relief proposal that would accompany a $1.4 trillion spending bill.  The talks are up against the wire with federal funding lapsing at 12:01 a.m. ET on Saturday. Last-minute disputes preventing Congress from passing a relief deal include direct payments, small business loans and a boost to unemployment insurance. The Dow Jones Industrial Average ended the record-setting week with a 120-point loss, while the S&P 500 halted a three-day winning streak in volatile trading. "An agreement remains elusive," said Mark Hackett, Nationwide's chief of investment research. "New arguments have complicated negotiations, including a Republican push to explicitly terminate the Fed's emergency lending programs and a Democratic request to match 100% of FEMA payouts for the pandemic." |
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