New York, Oct. 20 -- Wall Street's major averages closed sharply lower as investors looked to updates on a US stimulus deal, while weighing the impact of a continued increase in coronavirus cases.
The Dow Jones Industrial Average dropped 410.89 points, or 1.44 per cent, to 28,195.42. The S&P 500 was down 56.89 points, or 1.63 per cent, to 3,426.92. The Nasdaq Composite Index decreased 192.67 points, or 1.65 per cent, to 11,478.88.
All the 11 primary S&P 500 sectors pulled back, with energy down 2.1 per cent, leading the losses.
US-listed Chinese companies traded mostly lower, with seven of the top 10 stocks by weight in the S&P US Listed China 50 index ending the day on a downbeat note.
US House Speaker Nancy Pelosi said that the White ...