12/29/2020, 10:00 PM (Source: TeleTrader)
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US closes mixed after stimulus checks blockage

Major stock markets in the United States closed mixed on Tuesday after Senate Majority Leader Mitch McConnell blocked direct payments for citizens in the value of $2,000 included in the latest stimulus, aimed at curbing the negative economic impact of the coronavirus pandemic. On the other hand, New York Mayor Andrew Cuomo promised the city's inhabitants would receive an extra weekly payment of $300. Meanwhile, the shares of Snap Inc. and Intel went up.

The Dow Jones Industrial Average declined by 0.14% as Apple Inc dropped by 1.33%. The S&P 500 went down by 0.16%, with Domino's Pizza Inc. falling by 3.95%. On the other hand, the Nasdaq 100 rose by 0.07% as Pinduoduo Inc. increased by 15.57%.

The euro advanced by 0.30% against the dollar to sell for $1.22502 at 3:58 am ET.

Breaking the News / JR