Dow ends lower Wednesday as reports signal lack of will to strike coronavirus fiscal package before Election Day

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U.S. stock benchmarks finished lower on Wednesday amid a failure to produce any fresh developments on the negotiations to carve out additional fiscal support for American workers and businesses. The Dow Jones Industrial Average [: DJIA] finished the session off nearly 100 points, or 0.4%, at 28,201, on a preliminary basis. The S&P 500 index closed off 0.2% to close at 3,435, while the Nasdaq Composite Index finished Wednesday down 0.3% at 11,485. The Wall Street Journal reported that White House officials and House Speaker Nancy Pelosi opened the door to passing a coronavirus relief package after the election, indicating that a long-sought-after catalyst for further gains for equities in 2020, ahead of the 2020 presidential elections in November, may be gone for now.
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