⁍ Wall Street’s main indexes slipped on Monday as losses in tech-related heavyweights eclipsed optimism on a coronavirus relief deal.


⁍ House Speaker Nancy Pelosi said she was optimistic legislation could be pushed through before the election.


⁍ Last week the White House proposed a $1.8 trillion stimulus package to help Americans struggling with the economic ravages of the coronavirus pandemic.


– US stocks opened higher on Monday as House Speaker Nancy Pelosi said she was optimistic legislation could be pushed through before the election, but acknowledged an agreement would have to come by Tuesday for that to happen. Last week the White House proposed a $1.8 trillion stimulus package to help Americans struggling with the economic ravages of the coronavirus pandemic, but Pelosi said the offer fell short in a range of areas and stuck to her demand for $2.2 trillion in aid. “I do believe that both sides, even though two weeks before election, can see the way to getting some money back into unemployment programs,” Kim Forrest of Bokeh Capital Partners tells Reuters. “It’s just the general volatility here. I wouldn’t be surprised to see this bouncing around all day.”



Source: https://www.reuters.com/article/usa-stocks/wall-street-slips-as-losses-in-communication-services-shares-weigh-idUSKBN2741OA