The Dow Jones Industrial Average fell 30.70 points, or 0.11%, at the open to 27,170.82.
White House negotiators on Tuesday vowed to work "around the clock" with congressional Democrats to try to reach a deal on the package by the end of this week
A rally in tech stocks and historic stimulus have lifted the S&P 500 to within 4% of its peak, but faltering macroeconomic data and a gridlock on more govt stimulus have made investors cautious
Those with the rosier outlook point to Biden's mostly pro-business inner circle, his significant campaign contributions from the financial industry and his longtime support of credit card companies
Most money managers are wary of cutting equity exposure too drastically in a market that has rallied more than 40% since late March
Investors also fretted ahead of high-profile earnings reports and expiration of enhanced employment benefits
At the end of its two-day policy meeting the Fed said it maintained its interest rate target range until it is confident the economy has weathered the virus
Of the 163 S&P 500 firms that have reported results, 79.1 per cent have surpassed a low bar of quarterly profit expectations, according to Refinitiv IBES data
3M is the world's biggest producer of N95 respirator masks and has seen sales surge as governments fought over supplies of protective equipment for healthcare and other essential workers
The Dow Jones Industrial Average fell 55.32 points, or 0.21 per cent, at the open to 26,529.45
For the second day in a row, the tech sector weighed heaviest on all three major US stock averages
Today, a total of 71 companies including ITC, Asian Paints, and Ambuja Cements are scheduled to announce their quarterly results
Twitter's average monetisable daily active users (mDAU) increased 34 per cent year over year to 186 million
The number of Americans filing for unemployment benefits rose last week for the first time in nearly four months, a report from the Labor Department showed
The company said its commercial cloud business surpassed $50 billion in annual revenue for the first time
Analysts' estimates for Tesla's second quarter range from an adjusted loss as steep as $2.53 a share to a $1.41 per share profit
The Dow Jones Industrial Average rose 152.27 points, or 0.57%, at the open to 26,833.14, and the S&P 500 opened higher by 16.68 points, or 0.51%, at 3,268.52.
US drugmaker Pfizer and German biotech firm BioNTech reported additional data from their experimental Covid-19 vaccine that showed it was safe and induced an immune response in patients
Netflix's shares fell 7.2% after it forecast slower-than-expected subscriber growth during the third quarter and weighed the most on the S&P 500 and the Nasdaq.
The Dow Jones Industrial Average rose 39.91 points, or 0.15%, at the open to 26,774.62.