coronavirus stimulus before Election Day, though the Nasdaq rose ahead of big technology company results.
Shares of drugmaker Eli Lilly and Co fell 6.9per cent after quarterly profits took a hit from increased costs to develop a COVID-19 treatment. A trial of its antibody therapy failed to show a benefit in hospitalized patients. Meanwhile, Wall Street's fear gauge rose to its highest level since early September on election jitters.
Concerns over a rise in U.S. coronavirus cases are weighing on the market but the technology sector seems to be the least exposed, said Rick Meckler, a partner at Cherry Lane Investments in New Vernon, New Jersey.
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