Shares of banks and other financial institutions dropped amid uncertainty about the outlook for fiscal stimulus.
Wholesale lender United Wholesale Mortgage made its public trading debut Friday, the largest-ever listing through a special-purpose-acquisition company, going public with a valuation close to $16 billion.
A Senate panel voted Friday to approve former Federal Reserve Chairwoman Janet Yellen's nomination to be the next U.S. Treasury secretary, sending it to the full Senate, which could vote to confirm her as soon as Friday.
The Biden administration is hoping to meet with legislators on crafting a stimulus bill, even as President Biden signs executive orders to rush aid to the poor and needy.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
01-22-21 1723ET
