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Stock indexes wobble between gains and losses on Wall Street

3 months 3 weeks 4 days ago Tuesday, December 22 2020 Dec 22, 2020 December 22, 2020 9:21 AM December 22, 2020 in News
Source: Associated Press

NEW YORK (AP) — Major stock indexes are wobbling between small gains and losses in the early going on Wall Street after Congress finally passed a long-overdue coronavirus relief bill and sent it to President Donald Trump.

The S&P 500 slipped 0.2% in the first few minutes of trading Tuesday, while the tech-heavy Nasdaq managed a 0.2% gain.

Trading has been subdued this week ahead of the Christmas holiday on Friday. High-tech exercise bike maker Peloton jumped 10% after announcing it would buy Precor, a maker of fitness equipment, for $420 million.

European markets were broadly higher, Asian markets closed lower and crude oil prices fell.

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