U.S. equity futures indicated a rebound at Wednesday's open after the Dow and S&P snapped seven-session win streaks.
Coronavirus relief activity on Capitol Hill all but halted after talks collapsed and President Trump issued executive orders.
As Republicans and Democrats spar over the shape of the next stimulus package, Americans are reeling from the loss of the $600 federal unemployment boost.
Nancy Pelosi said she told Republicans to come back when they are willing to increase their $1 trillion coronavirus aid offer.
Stocks fell as U.S-China tensions and ongoing coronavirus stimulus negotiations dampened the market's enthusiasm over a strong jobs report.
"It's not like we can just avoid a deal and say it doesn't matter. And that's what I'm getting concerned about," CNBC's Jim Cramer said Thursday.
Democrats and the White House have struggled to strike a deal to boost an economy and health-care system damaged by the pandemic.
Mitt Romney, Susan Collins and Martha McSally are proposing a bigger unemployment insurance extension than Senate Republicans previously did.
A push for $25 billion in additional aid to protect airline jobs through the end of March gained steam with the backing from Republican senators.
Democrats and the White House are struggling to reach a coronavirus stimulus deal, but they seem to be moving closer on unemployment insurance.
Starbucks' Howard Schultz sent a letter to Congress calling for the government to help small businesses before the coronavirus pandemic devastates them permanently. The letter was signed by 100 business leaders at companies from Google to Salesforce.
Negotiators said they made progress but remain far from a coronavirus stimulus deal, which Mitch McConnell said he is prepared to support.
Pelosi, Schumer, Mnuchin and Meadows met Monday and cited progress toward a coronavirus relief bill but no agreement yet.
Key unemployment benefits are expiring after Friday as Congress makes little progress toward a deal on another coronavirus relief bill.
The GOP and Democrats are far apart on a coronavirus relief bill as the White House suggests a short-term unemployment insurance extension.
U.S. stock futures were slightly higher after Tuesday's losses as Wall Street awaits a major congressional antitrust hearing and more corporate earnings.
Voters in key states back an unemployment extension, direct payments and state and local aid, the CNBC/Change Research poll found.
Landry's Chairman and CEO Tilman Fertitta said the $600 weekly benefit has been a driver of consumer spending during the Covid-19 crisis.
Stocks were mostly lower on Tuesday as traders searched for clues about the next coronavirus stimulus package.
McConnell said he would not bring up a coronavirus relief bill in the Senate that does not include liability protections.