Investing.com investing.com 12 Jan, 2021 00:15 am

Dow Closes Lower as Tech Weakness, Political Uncertainty Weigh By Investing.com

Dow Closes Lower as Tech Weakness, Political Uncertainty Weigh By Investing.com
Dow Closes Lower as Tech Weakness, Political Uncertainty Weigh

While there is a near-term threat to Twitter's daily active user count in the first quarter, owing to "churn from the conservative community" … "strong political activists will remain on the social media platform for other content," Bank of America (NYSE: BAC ) said.In other news, Tesla (NASDAQ: TSLA ) fell 8%, shrugging off positive remarks from Bank of America.Bank of America upgraded its price on the stock to $900 from $500, citing the electric automaker's fundraising potential.President-elect Biden is expected to lay out his multi-trillion stimulus plan - likely to include a proposal to increase the amount of stimulus checks to $2,000 from $600 - later this week on Thursday.

As well as another round of larger stimulus checks, state and local aid and funds for vaccine distribution are also expected to form part of the relief package.com – The Dow closed lower Monday, on rising political tensions after lawmakers stepped up efforts to remove President Donald Trump from office, though losses were stifled by gains in energy and healthcare stocks.

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