U.S. stocks close mixed with stimulus in focus
The Dow Jones Industrial Average rose 47.11 points, or 0.16 percent, to 30,046.37. The S&P 500 was down 4.65 points, or 0.13 percent, to 3,663.45. The Nasdaq Composite Index fell 27.94 points, or 0.23 percent, to 12,377.87.
Six of the 11 primary S&P 500 sectors declined, with energy closing down 1.15 percent, leading the laggards. Communication services rose 1.15 percent, the best-performing group.
U.S.-listed Chinese companies traded mostly lower, with seven of the top 10 stocks by weight in the S&P U.S. Listed China 50 index ending the day on a downbeat note.
Wall Street weighed the prospects of additional U.S. COVID-19 aid package as lawmakers struggled to push through new fiscal stimulus before year-end. Yet, the outlook remained uncertain as Democrats and Republicans divided on the scope and size of a possible deal.
Without a new relief package, many Americans will soon lose their unemployment benefits and begin to face hardships like eviction and foreclosure by the end of the year.