The S&P 500 was 0.3% lower, as of 9:56 a.m. Eastern time. Treasury yields were also holding steady, while stock markets around the world made only modest moves. Wall Street has suddenly begun to teeter-totter this week after a big November rally swept both the S&P 500 and Dow to record highs. The S&P 500 is on track for a 0.4% dip this week, on the heels of a 7.3% weekly surge followed by a 2.2% climb. But Treasury Secretary Steven Mnuchin said closing the emergency loan programs could allow Congress to re-appropriate $455 billion to other relief programs.

Source: Mint November 20, 2020 15:00 UTC