S&P 500, Dow tumble from record highs on nerves over Georgia runoff elections
From reuters.com
Wall Street’s main indexes fell nearly 2% on the first trading day of the year on Monday as nerves over the outcome of runoff elections in Georgia this week countered optimism over a vaccine-driven recovery in the global economy. The Dow was also dragged down by a near 4.3% fall in Boeing Co’s shares after Bernstein cut its rating to “underperform”, saying issues with MAX 787 could significantly hurt the U.S. planemaker’s free cash flow. The fate of President-elect Joe Biden’s agenda including rewriting the tax code, boosting stimulus and infrastructure spending hinges firmly on Tuesday’s twin Senate races in the ...
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