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US stocks fall as global COVID-19 cases top 40 million and hopes dim for new coronavirus aid before US election – ABC News
US stocks lose their initial gains as global coronavirus infections climb to 40 million and negotiations over new stimulus spending to help the US economy make …
Stocks on Wall Street have dropped amid rising coronavirus cases and little progress on a new stimulus package for the US.
Key points:
- US stocks fall on stalled stimulus and rising coronavirus cases
- Dow Jones drops 1.4pc to 28,195, S&P 500 down 1.6pc to 3,427
- Australian dollar sold off to 70.62 US cents
The Washington Post reported that a deal on coronavirus relief was not looking imminent and US House of Representatives Speaker Nancy Pelosi set tonight…
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