Stocks were under pressure amid debate over the latest coronavirus aid proposal.
The Dow Jones Industrial Average was down 0.3%, nearly 100 points, at Tuesday’s open, while the S&P 500 fell 0.2% and the tech-heavy Nasdaq Composite lost 0.4%.
The market opened lower after McDonald’s said that revenue fell 30% last quarter, while mask maker 3M posted worse-than-expected earnings and revenue. Investors continued to assess the latest coronavirus relief bill unveiled by Senate Republicans late on Monday, titled the Heath, Economic Assistance, Liability Protection and Schools Act.a second round of $1,200 stimulus checks and more funds for small business loans in the Paycheck Protection Program.the $600-per-week federal unemployment supplement, which states stopped paying out this week, to be replaced with a 70% wage replacement program.
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