US, global equities dip as investors wait on US stimulus package

MSCI's gauge of stocks across the globe shed 0.30% following broad declines in Asia and Europe. On Wall Street, the Dow Jones Industrial Average fell 124.32 points, or 0.41%, to 30,179.05, the S&P 500 lost 13.07 points, or 0.35%, to 3,709.41 and the Nasdaq Composite dropped 9.11 points, or 0.07%, to 12,755.64.

NEW YORK: Global equity benchmarks slid while oil prices rallied to near nine-month highs on Friday as investors weighed hopes for a U.S. coronavirus relief package against moves by the U.S. government to add dozens of Chinese companies to a trade blacklist.

The Democratic-controlled U.S. House of Representatives continued to negotiate with the Republican-led Senate on a $900 billion piece of legislation to support the economy during a pandemic that has killed nearly 309,000 Americans.