Stocks fell as Senate lawmakers failed to push through a massive fiscal stimulus package through a key procedural hurdle.
For a second time in less than 24 hours, a bill that would authorize giant fiscal spending to stimulate the economy failed to clear a key procedural hurdle.
That failure offset the enthusiasm from the Federal Reserve's announcement of an open-ended asset purchase program to sustain the economy. Bottom line, Wall Street has been clamoring for fiscal stimulus. Failure to move forward with such measures could pressure equities even more.
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5 things to know before the stock market opens MondayU.S. stock futures hit their 5% 'limit down' overnight as a massive coronavirus funding package failed a key Senate procedural vote. But futures were off the lows Monday morning.
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