Wall Street

Stocks slip off record highs

U.S. equity markets slipped off record highs Tuesday as investors continue to weigh the possibility that Congress approves both President Biden’s $2.3 trillion infrastructure package and tax hikes.

Wells Fargo: No Archegos losses

The $10 billion hedge fund, run by Bill Hwang, was forced to liquidate positions last week, causing extreme swings in a number of stocks, including Discovery and ViacomCBS, according to reports.