Stocks end slightly lower as investors await Biden stimulus plan

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Stocks gave up early gains to end slightly lower Thursday as investors awaited the rollout of President-elect Joe Biden’s plan for another large-scale round of federal spending to tide over an economy suffering from a renewed surge in COVID-19 cases. The Dow Jones Industrial Average finished with a loss of around 69 points, or 0.2%, near 30,992, according to preliminary figures, while the S&P 500 gave up 14 points, or 0.4%, ending near 3,796. The Nasdaq Composite closed near 13,113, off around 16 points, or 0.1%. Biden is expected Thursday evening to unveil a spending plan that could approach $2 trillion, according to news reports, including another round of checks directly to households. Ahead of Thursday’s opening bell, data showed a larger-than-expected jump in first-time jobless claims.
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