US stocks slide from new highs as hope for expanded stimulus fades

Senate Majority Leader Mitch McConnell.
Photo By Tom Williams/CQ-Roll Call, Inc via Getty Images/US stocks on Tuesday pulled back from record highs as hopes for $2,000 direct stimulus payments faded. Senate Majority Leader Mitch McConnell on Tuesday blocked Democrats' attempt to hold a vote on the $2,000 checks, but he said the Senate would "begin a process" of considering a proposal to send them.Intel soared 8% after Daniel Loeb's activist hedge fund urged the chipmaker in a letter to explore