Stocks sink to start Monday trade on rising case counts and dwindling chances of stimulus

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Stocks slumped at the open Monday as COVID-19 cases surged and talks on fiscal aid remained stalled. The Dow Jones Industrial Average lost 294 points, 1%, to open near 28,042, while the S&P 500 dropped 32 points, 0.9%, near 3,433. The Nasdaq Composite fell 0.9%, 101 points, and traded near 11,447. The U.S. recorded 83,757 new cases of COVID-19 on Friday, a new record high, even as Wall Street braces for the busiest week of corporate earnings of the quarter. On Monday, Hasbro Inc. shares fell 4% after the bell despite reporting strong Q3 earnings and forecasting a better Q4.
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