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IPFS News Link • Stock Market

Stocks Slump As Biden Admin Signals No Compromise On Stimulus

• Zero Hedge - Tyler Durden

Politico's Jake Sherman reports that Biden spokesman Andrew Bates reports that the Biden admin does not support paring back Democratic demands in Covid relief talks.

"This is incorrect. The President-elect fully supports the Speaker and Leader in their negotiations."

The result is a sudden tumble in stocks, led by growth-heavy Nasdaq, erasing all overnight gains, as this suggests there will be no short-term stimulus deal...