Market Update

Stymied stimulus talks push market down

     
Stymied stimulus talks push market down

Friday morning’s Dow futures sank more than 200 points as investors continue to await a decision in Washington D.C. The House of Representatives adjourned on Thursday after passing a spending plan to keep the federal government open for another week as Republicans and Democrats try to figure out a second pandemic-related stimulus package.

Increased unemployment benefits are set to run out at the end of the year without a new stimulus package. This week, the Labor Department reported 853,000 initial unemployment claims with continuing claims increasing by 230,000.

Continue reading Stymied stimulus talks push market down at Movement Mortgage Blog.

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