U.S. Stocks Fall With Congress at Odds on Aid Bill: Markets Wrap
This content was published on December 18, 2020 - 21:08
December 18, 2020 - 21:08
(Bloomberg) U.S. stocks fell after Republican demands left Congress without a deal on a federal spending bill. Tesla Inc. edged higher in heavy trading ahead of its inclusion in the S&P 500.
The benchmark index halted a three-day winning streak, though ended well of session lows with a late rally in aflood of trading volume associated with the quarterly expiration of options and futures on stocks and indexes. Almost 200 million shares of Tesla traded hands, four times the 30-day average, as funds benchmarked to the S&P 500 adjusted ahead of the carmakerâs Monday debut.
Coca-Cola Co (NYSE: KO) saw its shares hit a new 52-week high Tuesday in reaction to its second-quarter results but the stock still has a lot more room to run, says CNBC s Jim Cramer.
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