Mnuchin said around midday that getting a deal done before the election would be difficult, adding that both sides were still far apart on certain issues. He also noted, however, that Democrats and Republicans are making progress in some areas.
"Investors continue to react to developments on stimulus discussions, despite the fading likelihood that a deal is reached," said Mark Hackett," chief of investment research at Nationwide. "The gap between House Democrats and the White House has narrowed to roughly $400 billion ... though differences on state and local government funding, healthcare aid and apportion tax credits remain.
Shares of Amazon slid more than 2% to lead most Big Tech lower. Facebook and Netflix were down 1.6% and 2.3%, respectively and Microsoft slid 0.9%.
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