Shares of industrial and transportation companies finished mixed amid fears about the outlook for fiscal and monetary stimulus.
House Speaker Nancy Pelosi said Democrats would push through a plan to bring up both a $1 trillion infrastructure bill and a broad $3.5 trillion package for a vote next week even as deep disagreements between the progressive and centrist wings of the Democratic party threatened to scuttle the two bills.
On the monetary stimulus side, "central bank rate decisions around the world mostly signaled investors should be prepared to have a much smaller punchbowl of stimulus going forward and as early earnings suggest, supply chain constraints and labor shortage problems are not getting any better," said Edward Moya, senior market analyst at OANDA Group, in a note to clients.
General Motors is cracking down on white-collar employees who have not complied with a corporate mandate to report their Covid-19 vaccination status, as reported earlier.
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(END) Dow Jones Newswires