With no stimulus in sight, US stocks close lower

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NEW YORK - Wall Street indices ended in the red Wednesday as investors soured on the ongoing wait for fiscal stimulus from Congress, as another trading session passed without significant progress in n

egotiations.

They started the day in a good mood, with indices rising after President Donald Trump's administration sent three top officials to speak on three different TV networks before markets opened to tout what they called progress made toward a deal. "Stock prices continue to respond to day-to-day changes in assumptions toward the passage of a much-contested fiscal stimulus package," said Sam Stovall, chief investment strategist at CFRA.

In fact after the close, the sides again reported progress, with a White House official saying the next 48 hours will be key.

 

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