Stocks Poised to Start Week Lower as COVID-19 Cases Grow, Stimulus Package Remains Elusive, Pre-Election Jitters Arise

Monday, October 26, 2020 4:00 PM | MT Newswires

US stocks were indicated to start the week lower as COVID-19 cases continued to rise and expectations cooled for a bipartisan stimulus deal ahead of the elections on Nov. 3.

The Dow Jones Industrial Average dropped by 2.7% to 27,579.94 and the S&P 500 slid by 2.2% to 3,390.05, while the Nasdaq Composite fell by 2% to 11,322.22. Energy and industrials were among the steepest decliners, with all sectors in the red on Monday.

The West Texas Intermediate futures retreated by 3.3% to $38.53.

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