Stocks slump at the open on stalled stimulus, rising European lockdowns

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U.S. stocks were sharply lower at the opening bell as investors grappled with worsening coronavirus case counts, intensifying global lockdowns, and a lack of progress in the U.S. toward additional fiscal support. The Dow Jones Industrial Average was down 331 points, 1.2%, near 28,183, while the S&P 500 lost 46 points 1.3, to open near 3,443. The Nasdaq Composite fell 191 points, 1.6%, and was trading near 11,577. In the past few days, France and the United Kingdom have implemented stricter restrictions to combat the virus. But speaking on CNBC, Treasury Secretary Steven Mnuchin seemed to suggest there was little hope for an additional aid package before the election, even as initial jobless claims climbed to the highest in two months.
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