NEW YORK – US stocks came off record highs Wednesday following new disagreements on an economic stimulus package, but Europe mostly rose as a high-level meeting on a post-Brexit deal was set to take place.
Late Tuesday, the White House had put forward a fresh stimulus proposal of $916 billion, lifting hopes US lawmakers could pass a deal before the end of the month, when some of the last pandemic aid programs expire.
That helped the S&P 500 push higher off a record close as trading got underway and the Dow hit a new intraday record, but the rally quickly ran out of steam and all three major indices finished in the red.
“You have a tug of war betweenvi…
Keep on reading: US stimulus snags send Wall Street off highs