US stocks slid on Monday as investors continued to weigh soaring coronavirus case counts in the US and the need for additional fiscal relief. Officials…
US stocks slid on Monday as investors continued to weigh soaring coronavirus case counts in the US and the need for additional fiscal relief.
Officials including Senate Majority Leader Mitch McConnell, Treasury Secretary Steven Mnuchin, and others are set to meet in the White House on Monday to discuss a second coronavirus stimulus package. House Speaker Nancy Pelosi has called for a deal worth roughly $3.5 trillion, yet Republicans have indicated they want to keep spending at about $1 trillion.
The talks arrive days before key aid efforts are extinguished. A $600 per week expansion to unemployment benefits is set to expire later in July, and a short-term extension to the Paycheck Protection Program is set to end on August 8.
Here’s where US indexes stood shortly after the 9:30 a.m. ET market open on Monday:
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Investors digested a mix of news out of coronavirus drug trials.
