Dow Jones Tries to Bounce Back After McDonald's and 3M Report Weak Earnings
The Dow Jones Industrial Average (DJINDICES: ^DJI) was trying to stage a comeback Tuesday afternoon after spending the morning in the red. The Dow was down roughly 0.17% at 2 p.m. EDT.
Negotiations over another stimulus bill to support workers and businesses during the pandemic began on Tuesday after Senate Republicans unveiled a $1 trillion plan. That plan would extend the federal supplemental unemployment benefit but at a rate of $200 per week instead of the current $600 per week.
Shares of McDonald's (NYSE: MCD) and 3M (NYSE: MMM) were dragging down the Dow on Tuesday following quarterly reports from the blue-chip companies that disappointed investors.
Source Fool.com
