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Sam Subramanian
After setting new highs, the S&P 500 pulled back as Congress raced to avert a government shutdown and pass another pandemic relief package.
The S&P 500 declined last week after additional economic relief from Congress remained stuck in neutral while suffering from the pandemic worsened.
The approval of a COVID-19 vaccine and hopes of additional financial aid from Congress helped the S&P 500 close the week at an all-time high.
The S&P 500 declined last week as investors weighed rising COVID-19 infections and shutdowns against encouraging vaccine developments.
Although hopes of a COVID-19 vaccine and despair from rising COVID-19 cases swayed stocks, the S&P 500 closed the week at a record high.
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