The stock gave up on initial gains to end slightly lower on Thursday, as investors awaited the launch of President-elect Joe Biden’s plan for another large-scale round of federal spending to control an economy suffering from a further increase in COVID-19 cases. The DJIA of the Dow Jones Industrial Average,
ended with a loss of about 69 points, or 0.2%, close to 30,992, according to preliminary data, while the S&P 500 SPX,
gave up 14 points, or 0.4%, finishing close to 3,796. The Nasdaq Composite COMP,
closed close to 13,113, about 16 points, or 0.1%. Biden is due to release on Thursday night a spending plan that could reach $ 2 trillion, according to press reports, including another round of checks directly to families. Before Thursday’s opening bell, the data showed a larger than expected jump in claims for unemployment benefits for the first time.
