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Added on the 11/11/2015 23:12:15 - Copyright : Reuters EN
Stocks finished the week with a losing sesion, although the major indexes managed to post weekly gains. Bobbi Rebell reports.
US stocks dipped slightly on Wednesday as investors weighed the latest stimulus talk developments. House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin failed to reach a deal before the deadline. According to Business Insider, the two are now working to finalize a proposal before the weekend. Senate Democrats rejected Republicans' $500 billion "skinny bill," leaving both parties stuck in a deadlock. Disagreements over a relief bill are still significant between the Republicans and Democrats. The White House recently offered a $1.9 trillion bill, coming in well below Democrats' $2.2 trillion package.
Stocks were unable to hold onto early gains as investors reacted to lackluster earnings news and a pullback in consumer sentiment measured by the Conference Board. Jeanne Yurman reports.
Falling oil prices dragged down energy shares. But the major indices still posted gains for the week, as Fred Katayama reports.
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