Wall Street opens lower as virus cases surge, stimulus doubts weigh
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Wall Street opens lower as virus cases surge, stimulus doubts weigh

Global Economy

Reuters
26 October, 2020, 08:05 pm
Last modified: 26 October, 2020, 08:18 pm

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Wall Street opens lower as virus cases surge, stimulus doubts weigh

Reuters
26 October, 2020, 08:05 pm
Last modified: 26 October, 2020, 08:18 pm
“It’s been a kind of roller coaster as the market seems to be taking cues mostly from the stalled stimulus plan and concerns about fourth-quarter earnings if we don’t get additional stimulus after the vote,” said Art Hogan, chief market strategist at National Securities in New York Photo: Collected
“It’s been a kind of roller coaster as the market seems to be taking cues mostly from the stalled stimulus plan and concerns about fourth-quarter earnings if we don’t get additional stimulus after the vote,” said Art Hogan, chief market strategist at National Securities in New York Photo: Collected

Wall Street's main indexes started the week on a dour note on Monday as surging coronavirus cases and a stalemate in Washington over the next fiscal aid bill darkened the economic outlook in the run up to the Nov. 3 presidential election.

The Dow Jones Industrial Average fell 149.75 points, or 0.53%, at the open to 28,185.82.

The S&P 500 opened lower by 23.97 points, or 0.69%, at 3,441.42, while the Nasdaq Composite dropped 107.64 points, or 0.93%, to 11,440.64 at the opening bell.

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