U.S. stocks slip from records as wait continues for Congress
New York Stock Exchange via AP
Trader Ashley Lara, left, works on the floor during the Golden Falcon IPO on Friday.
NEW YORK — U.S. stock indexes pulled back from their record levels Friday as the wait drags on to see if Congress can reach a deal to send more cash to struggling workers and businesses.
The S&P 500 fell 0.4%, a day after it and other major indexes returned to record heights.Hope that Congress may be nearing a deal to offer more support for the economy helped the S&P 500 post a 1.3% gain this week. So has enthusiasm about vaccines for COVID-19, which investors hope will get the economy back on the road to normalcy next year.
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