Stocks have their worst day in a month as virus cases surge

The skid came as doubts mount on Wall Street that Washington will come through with more stimulus for the economy before election day.

The S&P 500 fell 64.42 points to 3,400.97. The Dow slumped 2.3% to 27,685.38. The Nasdaq composite lost 189.34 points, or 1.6%, to 11,358.94. Smaller company stocks also took heavy losses, knocking the Russell 2000 index down 35.29 points, or 2.2%, to 1,605.21.Coronavirus counts are surging in much of the United States and Europe, raising concerns about more damage to the still-weakened economy. The U.S.

Worries about the diminishing prospects for more stimulus in the short term helped drive the S&P 500 to a 0.5% drop last week, its first weekly loss in the last four.The U.S. economy has recovered a bit since the stay-at-home restrictions that swept the country early this year eased, and economists expect a report Thursday to show it grew at an annual rate of 30.2% during the summer quarter after shrinking 31.4% during the second quarter.

Energy stocks recorded the largest loss among the 11 sectors that make up the S&P 500, falling in concert with oil prices. All told, about 92% of the stocks in the S&P 500 closed lower.

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