Stocks trade off early lows but remained under pressure Tuesday, giving back ground a day after the S&P 500 and Dow Jones Industrial Average closed at records in a rally fueled by progress toward a COVID-19 vaccine.
Stock prices for publicly traded REITs are about 25% lower due to the pandemic, a sign of what investors might expect from the record $5 trillion pile of U.S. commercial real-estate debt, according to S&P Global.
Trump sought offensive options that the U.S. could take in the coming weeks, the New York Times reported, but senior advisers recommended against a military strike that they warned could spark a wider, regional conflict.
A third Republican senator said Monday he would oppose the confirmation of a nominee of President Donald Trump to a seat on the Federal Reserve’s board of governors, setting up a close vote as soon as this week.
Top Republicans, including Sen. Lindsey Graham, have sought to have legally cast absentee ballots thrown out, Georgia Secretary of State Brad Raffensperger told the Washington Post on Monday.