Dow Closes Off 650, 2.3%, on Virus Surge and Stimulus Doubt

Stocks on Monday ended sharply lower as coronavirus infections surged, stimulus negotiations remained stalemated and investors prepared for the presidential election just more than a week away.

Kicking off a week heavy with earnings from U.S. tech giants, the Dow Jones Industrial Average finished down 650 points, or 2.29%, to 27,685, the S&P 500 tumbled 1.86% and the Nasdaq slumped 1.64%.

The Dow industrials at one point were down 965 points, or 3.4%

Energy shares and stocks of industrial companies were the leading laggards Monday.

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