Still Trying to Strike a Deal

By Ben Walsh |  Wednesday, October 21 Stuck Waiting. Major indexes slid slightly as investors waited for concrete progress on stimulus talks.  The Dow Jones Industrial Average dipped 98 points, or 0.3%, to  28,210.82, while the S&P 500 lost 0.2%, and the Nasdaq Composite fell 0.3%. There were positive signs from Washington, D.C., about another round of coronavirus stimulus, with House Speaker Nancy Pelosi, White House Chief of Staff Mark Meadows, and White House economics adviser Larry Kudlow each making positive comments about the state of negotiations today. Kudlow called it an "optimistic morning regarding the negotiations." President Donald Trump, however, interjected this evening after markets closed with a far more dour assessment. Here's the tweet:   Under normal circumstances that would be enough to end talks, but Pelosi and Treasury Secretary Steven Mnuchin, have managed to keep going in the past despite doubts from the president. Investors are hoping for more perseverance.

 

DJIA: -0.35% to 28,210.82 S&P 500: -0.22% to 3,435.56 Nasdaq: -0.28% to 11,484.69 The Hot Stock: Twitter +8.4% The Biggest Loser: Etsy  -8.1% Best Sector: Communication Services +1.7% Worst Sector: Energy -1.9%