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Tesla Inc slipped 2.6 per cent even as it reported record vehicle deliveries in the third quarter.
Trading on Wall Street turned choppy last month, with the S&P 500 snapping a five-month gaining streak, as economic data indicated a long road to pre-pandemic levels and Congress deliberated over the next round of fiscal stimulus.
With a bipartisan deal eluding House Speaker Nancy Pelosi and the White House, the U.S. House of Representatives on Thursday approved a $2.2 trillion Democratic plan on fiscal aid, but objections from top Republicans are likely to doom the plan in the Senate.
American Airlines and United Airlines, which began laying off 32,000 workers after government funding program expired this week, fell 2.2 per cent and 2.6 per cent, respectively.
“Despite the fact that positive news has been made of ongoing talks between Mnuchin and Pelosi, we’ve been skeptical that a breakthrough was possible prior to the election,” said Chris Zaccarelli, chief investment officer for Independent Advisor Alliance in Charlotte, North Carolina.
The CBOE volatility index, known as Wall Street’s fear gauge, shot up to a one-week high.
Declining issues outnumbered advancers 2.65-to-1 on the NYSE and 2.43-to-1 on the Nasdaq.
The S&P index recorded two new 52-week highs and one new low, while the Nasdaq recorded 37 new highs and 22 new lows.
© Thomson Reuters 2020
https://news.google.com/__i/rss/rd/articles/CBMiZmh0dHBzOi8vZmluYW5jaWFscG9zdC5jb20vaW52ZXN0aW5nL3RydW1wcy1wb3NpdGl2ZS1jb3ZpZC10ZXN0LXRocm93cy1tYXJrZXRzLXByZS1lbGVjdGlvbi1jdXJ2ZWJhbGwtMtIBlAFodHRwczovL2ZpbmFuY2lhbHBvc3QuY29tL2ludmVzdGluZy90cnVtcHMtcG9zaXRpdmUtY292aWQtdGVzdC10aHJvd3MtbWFya2V0cy1wcmUtZWxlY3Rpb24tY3VydmViYWxsLTIvd2NtL2U5OTgwYzg0LTY0MWQtNDJlMy04YTNmLTVkYzBlNjYyZGI0Zi9hbXAv?oc=5
2020-10-02 19:56:20Z
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