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With No Stimulus in Sight, US Stocks Close Lower

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Key Points

  • 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 negotiations.
  • The benchmark Dow Jones Industrial Average was down 0.4 percent to 28,210.82 at the close, while the tech-rich Nasdaq lost 0.3 percent to finish at 11,484.70.
  • Traders have waited months for lawmakers in Washington to agree on another spending bill to help the United States recover from the tens of millions of job losses and sharp GDP contraction caused by the coronavirus pandemic.
  • Visit The Financial Today’s homepage for more stories.

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 negotiations.

The benchmark Dow Jones Industrial Average was down 0.4 percent to 28,210.82 at the close, while the tech-rich Nasdaq lost 0.3 percent to finish at 11,484.70.

The broad-based S&P 500 fell 0.2 percent to 3,435.56.

Traders have waited months for lawmakers in Washington to agree on another spending bill to help the United States recover from the tens of millions of job losses and sharp GDP contraction caused by the coronavirus pandemic.

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.

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