NEW YORK - Wall Street stocks dipped on Tuesday after two positive session as investors digested the latest effort to try to jumpstart Washington stimulus talks amid caution ahead of the first presidential debate.The broad-based S&P 500 also dropped 0.5 per cent to 3,335.47, while the tech-rich Nasdaq Composite Index lost 0.3 per cent at 11,085.25.
Biden is ahead in national polls and in several crucial swing states, but a debate win by Trump could shake up that dynamic. On Tuesday, a top aide to Democratic House Speaker Nancy Pelosi said the lawmaker had spoken for the second day in a row with Treasury Secretary Steven Mnuchin, and the two agreed to continue negotiating, raising hopes the impasse could end.
A note from Schwabb described markets as shrugging off the better consumer data,"with investors cautious ahead of tonight's first presidential debate."