CNBC is reporting that President Joe Biden’s First COVID-19 package is already facing hurdles in Congress.
Oil prices fell to end the week little changed and the dollar index posted its largest weekly drop in five weeks. Technology stocks weighed the most on the S&P 500, with IBM and Intel posting 10% and 9% declines, respectively, after underwhelming earnings. Energy stocks also fell on Wall Street, alongside the price of crude.
Hong Kong stocks ended lower, snapping a five-day winning streak, as investors locked in profits following sharp gains.