U.S. Stocks Slip With Pre-Election Aid Unlikely: Markets Wrap
U.S. stocks ended a volatile session slightly lower as the White House and Democrats neared an aid deal but signaled it’s unlikely to become law before the election. Treasury yields climbed and the dollar retreated.
The S&P 500 Index closed lower after an up-and-down session that saw the index whipsawed by takes on the progress toward a deal. House Speaker Nancy Pelosi continued talks with White House representatives even as the odds remained long for a deal that could pass in the Senate. Small caps lagged behind.
are some key events this week:
Brexit trade talks are likely to continue at least into next week if the U.K. and EU fail to reach an agreement.
The final presidential debate before the U.S. election, between President Donald Trump and former Vice President Joe Biden, will be live from Nashville, Tennessee on Thursday.
U.S. jobless claims come Thursday.
Here are some of the main market moves:
Stocks
The S&P 500 Index fell 0.2% as of 4 p.m. New York time.
The Nasdaq 100 Index lost 0.1%.
The Stoxx Europe 600 Index decreased 1.3%.
The MSCI Asia Pacific Index rose 0.8%.
The MSCI Emerging Market Index gained 0.4%.
Currencies
The Bloomberg Dollar Spot Index dipped 0.5%.
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