Stock market struggles for direction at Wednesday’s open as coronavirus relief package remains in doubt

/ / News

U.S. stock indexes early Monday were trading near unchanged as investors continued to assess the prospects for a fresh coronavirus relief bill, which is viewed by some experts as crucial to supporting further equity gains. The Dow Jones Industrial Average was down over 35 points, or 0.1%, at 28,285, the S& 500 index was retreating in positive territory at around 3,445, and the Nasdaq Composite Index was edging up less than 0.1% at 11,543. Democratic negotiators and the White House said they would press ahead with talks in aid talks, bypassing a self-imposed deadline for Tuesday that had been proposed by House Speaker Nancy Pelosi over the weekend. In economic reports, investors will watch for an account of business conditions in the Federal Reserve’s districts at 2 p.m. Eastern Time.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.