The Dow Jones today is flat as Washington can’t seem to agree on a stimulus package. Speaker Nancy Pelosi says that Congress and the White House are still miles apart on an agreement to provide economic stimulus to millions of Americans.
The White House has recently pitched a $1.8 trillion stimulus plan, while the Senate plans to vote on a limited stimulus bill that will offer “targeted relief for American workers, including new funding” for the Paycheck Protection Program.
Before we get into this story and more, here are the numbers from Tuesday for the Dow, S&P 500, and Nasdaq:
Index Previous Close Point Change Percentage Change Dow Jones 28679.81 -157.71 -0.55 S&P 500 3511.93 -22.29 -0.63 Nasdaq 11863.90 -12.36 -0.10
Now here’s a closer look at today’s most important events and stocks. We’ll also discuss the stories that slipped under the radar of the mainstream financial press on Wednesday.
Top Stock Market Stories for Wednesday
This morning, we’re paying very close attention to stimulus talks and the latest round of earnings reports on Wall Street. But the bigger news this morning is the future of 5G. On Tuesday, Apple Inc. (NASDAQ: AAPL) introduced four new iPhone models. All of these phones will have 5G capabilities, and it appears that the company will be partnering with Verizon Communications (NYSE: VZ) on a rollout plan. Apple shares were still off on Tuesday by 2.7%. But analysts already anticipate heavy sales heading into the holiday.
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