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U.S. Stocks Fluctuate Amid Focus On Georgia Runoffs

(RTTNews) - After ending the previous session firmly in negative territory, stocks have fluctuated over the course of morning trading on Tuesday. The tech-heavy Nasdaq has shown a notable move to the upside, while the Dow and the S&P 500 have been bouncing back and forth across the unchanged line.

Currently, the major averages are turning in a mixed performance. While the Dow is down 31.77 points or 0.1 percent at 30,192.12, the Nasdaq is up 46.44 points or 0.4 percent at 12,744.89 and the S&P 500 is up 2.62 points or 0.1 percent at 3,703.27.

The choppy trading on Wall Street comes as traders seem reluctant to make significant moves as they await the results of two key Senate runoffs in Georgia.

The outcome of the runoff elections will determine which party controls the Senate and could have a major impact on what President-elect Joe Biden is able to accomplish.

Even with a Democratic-controlled Senate, Biden may still face difficulty pushing through his proposed tax policies but could have more success on issues like government spending, including increasing the size of stimulus checks.
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