Business
Wall Street closes lower amid surging COVID-19 cases – The Australian Financial Review
The S&P 500 and the Dow posted marginal losses for the week, while the tech-laden Nasdaq settled a bit higher from its previous week’s close.
US Treasury Secretary Steven Mnuchin announced late Thursday that he would allow key pandemic-relief lending programs at the Federal Reserve to expire at the end of the year, saying the $US455 billion allocated last spring under the CARES act should be returned to Congress to be reallocated as grants for small companies.
The decision to pull the plug on lending programs deemed essential by the central bank comes at a time of spiralling new coronavirus infections and a fresh wave of layoffs, and…
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