<p>US stocks fell from record highs on Tuesday in choppy trading, as investors worried about the path of reopening the economy and whether the Senate would approve additional pandemic aid checks.</p>.<p>US Senate Majority Leader Mitch McConnell said the chamber would address this week President Donald Trump's call for an increase in stimulus payments from $600 to $2,000, after blocking an immediate consideration of the measure on Tuesday. The final passage of the proposal would require 60 votes and the backing of a dozen Republicans.</p>.<p>McConnell's comment comes a day after the Democratic-led House of Representatives approved the move to bump up direct payments.</p>.<p>"On a motion like that they are going to follow the leader," said Stephen Massocca, senior vice president at Wedbush Securities in San Francisco.</p>.<p>Massocca said he thought McConnell would "put something unappetizing in there and the whole thing is going to fall apart, I don’t think the $2,000 is going to happen."</p>.<p>The Dow Jones Industrial Average fell 101.76 points, or 0.33%, to 30,302.21, the S&P 500 lost 9.84 points, or 0.26%, to 3,725.52 and the Nasdaq Composite dropped 57.54 points, or 0.45%, to 12,841.89.</p>.<p>Volumes are expected to be light in the holiday-shortened week, which could lead to volatility.</p>.<p>Wall Street's three main indexes opened at new highs for a second straight session after Trump signed a $2.3 trillion fiscal bill that restored jobless benefits and averted a federal government shutdown.</p>.<p>Meanwhile, more than 2 million Americans have been inoculated, helping investors looked past a surge in infections that topped 19 million, with California, a major U.S. virus hot spot, likely to extend strict stay-at-home orders.</p>.<p>But a sharp drop in small-cap stocks could be a reflection of the concern surrounding the surge in infections leading to a slower than hoped for reopening, according to Massocca. The Russell 2000 small-cap index was off 2.23%, on pace for its biggest daily percentage drop in two months.</p>.<p>Unprecedented monetary and fiscal stimulus measures, along with positive vaccine developments have helped the S&P 500 bounce back from a virus-fueled crash in March.</p>.<p>The benchmark index is up more than 10% for the quarter as investors have flocked to economically-sensitive stocks from the so called 'stay-at-home' plays on hopes of a recovery.</p>.<p>Intel Corp jumped 4.28% after Reuters reported activist hedge fund Third Point LLC is pushing the chipmaker to explore strategic options, including whether it should remain an integrated device manufacturer.</p>.<p>Boeing shares gave up earlier gains and slipped 0.21% as its 737 MAX plane resumed passenger flights in the United States for the first time after a 20-month safety ban was lifted last month.</p>.<p>Snapchat owner Snap Inc climbed 5.02% after Goldman Sachs raised its price target on the stock on upbeat revenue growth prospects.</p>.<p>Declining issues outnumbered advancing ones on the NYSE by a 2.09-to-1 ratio; on Nasdaq, a 3.17-to-1 ratio favored decliners.</p>.<p>The S&P 500 posted 21 new 52-week highs and no new lows; the Nasdaq Composite recorded 76 new highs and 25 new lows.</p>
<p>US stocks fell from record highs on Tuesday in choppy trading, as investors worried about the path of reopening the economy and whether the Senate would approve additional pandemic aid checks.</p>.<p>US Senate Majority Leader Mitch McConnell said the chamber would address this week President Donald Trump's call for an increase in stimulus payments from $600 to $2,000, after blocking an immediate consideration of the measure on Tuesday. The final passage of the proposal would require 60 votes and the backing of a dozen Republicans.</p>.<p>McConnell's comment comes a day after the Democratic-led House of Representatives approved the move to bump up direct payments.</p>.<p>"On a motion like that they are going to follow the leader," said Stephen Massocca, senior vice president at Wedbush Securities in San Francisco.</p>.<p>Massocca said he thought McConnell would "put something unappetizing in there and the whole thing is going to fall apart, I don’t think the $2,000 is going to happen."</p>.<p>The Dow Jones Industrial Average fell 101.76 points, or 0.33%, to 30,302.21, the S&P 500 lost 9.84 points, or 0.26%, to 3,725.52 and the Nasdaq Composite dropped 57.54 points, or 0.45%, to 12,841.89.</p>.<p>Volumes are expected to be light in the holiday-shortened week, which could lead to volatility.</p>.<p>Wall Street's three main indexes opened at new highs for a second straight session after Trump signed a $2.3 trillion fiscal bill that restored jobless benefits and averted a federal government shutdown.</p>.<p>Meanwhile, more than 2 million Americans have been inoculated, helping investors looked past a surge in infections that topped 19 million, with California, a major U.S. virus hot spot, likely to extend strict stay-at-home orders.</p>.<p>But a sharp drop in small-cap stocks could be a reflection of the concern surrounding the surge in infections leading to a slower than hoped for reopening, according to Massocca. The Russell 2000 small-cap index was off 2.23%, on pace for its biggest daily percentage drop in two months.</p>.<p>Unprecedented monetary and fiscal stimulus measures, along with positive vaccine developments have helped the S&P 500 bounce back from a virus-fueled crash in March.</p>.<p>The benchmark index is up more than 10% for the quarter as investors have flocked to economically-sensitive stocks from the so called 'stay-at-home' plays on hopes of a recovery.</p>.<p>Intel Corp jumped 4.28% after Reuters reported activist hedge fund Third Point LLC is pushing the chipmaker to explore strategic options, including whether it should remain an integrated device manufacturer.</p>.<p>Boeing shares gave up earlier gains and slipped 0.21% as its 737 MAX plane resumed passenger flights in the United States for the first time after a 20-month safety ban was lifted last month.</p>.<p>Snapchat owner Snap Inc climbed 5.02% after Goldman Sachs raised its price target on the stock on upbeat revenue growth prospects.</p>.<p>Declining issues outnumbered advancing ones on the NYSE by a 2.09-to-1 ratio; on Nasdaq, a 3.17-to-1 ratio favored decliners.</p>.<p>The S&P 500 posted 21 new 52-week highs and no new lows; the Nasdaq Composite recorded 76 new highs and 25 new lows.</p>