·           It is a packed week for US investors. As they await news on a stimulus package agreement and for quarterly reports in the earnings season, data showed US consumer confidence had ebbed in July as coronavirus infections flared up across the country.

·           The liability protection is for business owners and employers who are concerned that they may face a flood of lawsuits involving claims of unsafe practices brought by customers or employees who contract the coronavirus.

·           The Dow Jones Industrial Average fell 205.49 points, or 0.77%, to 26,379.28, the S&P 500 lost 20.97 points, or 0.65%, to 3,218.44 and the Nasdaq Composite dropped 1.27%, to 10,402.09.

·           Industrial conglomerate 3M Co was down 4.8%, after it reported a second-quarter plunge in demand across its businesses and McDonald's Corp fell 2.5%, after a surprisingly big drop in global same-store sales.

·           The Federal Reserve has extended seven of its nine emergency lending programmes by three months to 31 Dec in its latest effort to boost the economy. The move came as the FOMC began a meeting that is widely expected to result in no significant policy changes.

·           Another focus this week is results from Wall Street's trillion-dollar market value companies - Apple Inc, Amazon.com Inc and Alphabet Inc - as well as Facebook Inc.

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