US stocks edge lower as stimulus talks stagnate and virus cases spike

• US stocks closed lower on Thursday after paring earlier losses as investors continued to hold out hope for a fiscal stimulus deal prior to the upcoming election.
• President Donald Trump signaled that he was open to a stimulus deal greater than $1.8 trillion, while Senate Majority Leader Mitch McConnell signaled that his limit on a deal was $500 billion.
• An uptick in weekly US jobless claims also didn't help stocks on Thursday; the 898,000 new unemployment filings surpassed economist estimates.
• Additionally, concerns about rising daily COVID-19 cases and a new wave of lockdowns in Europe hurt stocks worldwide.
• $4.

US stocks closed lower on Thursday after paring earlier losses as investors continued to hold out hope for a fiscal stimulus deal to be passed by Congress prior to the November elections.

House Speaker Nancy Pelosi and Treasury Secretary Steve Mnuchin continued negotiations today, with a sticking point remaining to be a plan for a national testing strategy of COVID-19.

President Donald Trump signaled that he was open to a stimulus deal greater than $1.8 trillion, while Senate Majority Leader $4

The fear of a new round of COVID-19 related shutdowns heightened this week after France and the UK began to impose restrictions to help combat the spread of the virus.

Here's where US indexes stood at the 4 p.m. ET market close on Thursday:

• $4: 3,483.34, down 0.2%
• $4: 28,494.20, down 0.1% (20 points)
• $4: 11,713.87, down 0.5%

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$4 for the week that ended on Saturday came in at 898,000, surpassing analyst estimates of 825,000 and representing an uptick from the prior week's adjusted reading of 845,000.

Third-quarter earnings from the major US banks wrapped up on Thursday, as $4 on a surge in trading revenue.

Fastly disappointed investors on Thursday, $4 on preliminary third quarter revenue guidance that fell below analyst estimates.

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Bank of America said $4 as new products from the connected fitness company could rope in new customers.

Mortgage rates $4 falling to 2.81%, likely helping sustain a surge in the homebuilders industry.

$4 rose as much as 0.4%, to $1,908.66 per ounce.

Oil traded lower. $4 fell as much as 4.4%, to $41.29 per barrel. $4, oil's international benchmark, fell 4.1%, to $41.56 per barrel, at intraday highs.

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