S&P 500 falls again | Congress passes stimulus | Goldman's next big move

The S&P 500 held steady on Tuesday after Congress approved a long-delayed coronavirus relief package.

VIEW IN BROWSER | SUBSCRIBE TUE, DEC 22, 2020 EVENING BRIEF AS OF TUE, DEC 22, 2020 • 04:34 ET DJIA 30015.51 -0.67% -200.94 S&P 500 3687.26 -0.21% -7.66 NASDAQ 12807.92 +0.51% +65.40   Most Active DOW NAME LAST CHG %CHG AAPL 131.88 +3.65 +2.85% INTC 46.17 -0.19 -0.41% MSFT 223.94 +1.35 +0.61% S&P 500 NAME LAST CHG %CHG AAPL 131.88 +3.65 +2.85% GE 10.61 -0.16 -1.49% AAL 15.48 -0.62 -3.85% NASDAQ NAME LAST CHG %CHG AAPL 131.88 +3.65 +2.85% TSLA 640.34 -9.52 -1.46% PTON 161.21 +16.82 +11.65%   EDITOR'S NOTE Profit-taking is on display in the stock market after a surprisingly good year.   The S&P 500 fell on Tuesday even after Congress passed a long-delayed coronavirus relief package. As 2020 heads to an end, some equity investors have started selling after registering unexpected gains this year. Tesla is another case in point. The electric vehicle company sold off for a second straight session after its entry into the S&P 500. The back-to-back losses could be a sign that investors who bought the high-flying stock in anticipation of the historic event are cashing in.   With less than two weeks to go in 2020, the S&P 500 has gained more than 14% despite a rampant pandemic and severe economic downturn. Meanwhile, Tesla is still up 650% this year.   "We remain encouraged by the rapid rollout of the coronavirus vaccine and by the recent stimulus deal reached in Washington," said Craig Johnson, Piper Sandler's technical market strategist. "However, these catalysts have largely been discounted into the market's record-high rally."   "The risk of uncertainty over how quickly they translate into meaningful economic improvement remains uncomfortably high," Johnson added. Yun Li | CNBC Markets and Investing Reporter @YunLi626 TOP NEWS  S&P 500 falls for a third day even after Congress passes long-awaited Covid stimulus deal CDC says new Covid strain in UK could already be circulating undetected in U.S. 'I just don't buy the negativity' in markets — Cramer praises Covid stimulus as bridge to vaccine Some might not receive a $600 stimulus check this time around. Here's why Goldman Sachs, once reserved for the rich, is close to offering wealth management for the masses Alaska Airlines makes big Boeing 737 Max order in first U.S. sales since lifting of flight ban Fundstrat's Tom Lee says these epicenter stocks will see massive relief and lead the market in 2021 U.S. will not impose Covid-19 screenings for flights from Britain, sources say Existing home sales decline for the first time in 5 months as prices rise and supply falls You'll have to wait for a paper stimulus check if you don't already have direct deposit   TOP VIDEO Apple could be game-changer in the electric vehicle battery space: Investor   CNBC PRO Jim Cramer explains how Tesla changed the way we look at stocks   SPECIAL REPORTS 5 things to know about the new Covid strain spreading in the U.K. U.S. student debt has increased by more than 100% over the past 10 years   Unsubscribe Manage Newsletters Terms of Service Join the CNBC Panel Digital Products Feedback Privacy Policy   © 2020 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis. Data also provided by THOMSON REUTERS