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rdf:type	schema:NewsArticle
schema:articleBody	Wall Street stocks declined Friday, retreating from records, as markets awaited resolution of long-running congressional talks on another relief package for the coronavirus-ravaged US economy. Congressional leaders have described the negotiations as in the home stretch, but there was still no deal Friday afternoon ahead of a midnight deadline to avert a government shutdown. The Dow Jones Industrial Average dropped 0.4 percent to 30,179.05. The broad-based S&P 500 also fell 0.4 percent to 3,709.41, while the tech-rich Nasdaq Composite Index slipped 0.1 percent to 12,755.64. All three indices had closed at records on Thursday, in part on optimism about a stimulus package. Republicans and Democrats braced for possibly working through the weekend to conclude a $900 billion deal aimed at providing emergency relief for millions of struggling families and businesses amid signs of a worsening economy and as the country sees record high death tolls from the coronavirus pandemic. "While there's a lot of optimism about stimulus, it's important not to count on it," said TD Ameritrade's JJ Kinahan in a note Friday morning. "It's easy to see things going south and the market taking it pretty hard, with so much stimulus premium already built in. Hope for the best, but prepare for the worst, as the saying goes." FedEx fell 5.7 percent after reporting that quarterly profits more than doubled to $1.2 billion behind booming e-commerce volumes. However, the delivery company declined to provide a forecast, citing uncertainty amid the coronavirus pandemic. Tesla gained 1.1 percent ahead of its inclusion in the prestigious S&P 500 index, which will mean it is added to myriad trading vehicles. Intel plunged 6.3 percent following a report that Microsoft plans to design its own chips instead of using the Intel technology. jmb/acb
schema:headline	US stocks retreat from records as stimulus talks drag on
schema:mentions	Liga ACB Judge Avert (HIV and AIDS organisation) S&P 500 Index E-commerce Intel FedEx Dow Jones Industrial Average Government shutdowns in the United States Tesla Model 3 Microsoft History of the United States Republican Party Pandemic Coronavirus Christy Kinahan TD Ameritrade Drag coefficient NASDAQ Composite
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-12-18 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	63 (xsd:integer)
http://data.cimple...tology#hasEmotion	fear

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