Stocks were fluctuating in intraday trading on Monday as investors awaited details of a coronavirus relief package from Congress and weighed reports that Brexit trade talks could collapse.
The U.S. jobs report for November showed a net jobs gain of only 245,000. This is the weakest report since May, which is paired with the ongoing rise of coronavirus infections, stay-at-home orders, and hospitalizations have underscored the need for fresh stimulus heading into the start of 2021.
Sen. Bill Cassidy, a Republican from Louisiana, said on “Fox News Sunday” that President Donald Trump and Senate Majority Leader Mitch McConnell would come “on board” with the $908 billion pandemic relief package. The plan, however, won’t include $1,200 in direct payments to most Americans.