Wall Street's main indexes slipped on Monday as losses in tech-related heavyweights Facebook and Amazon eclipsed optimism on a coronavirus relief deal before the Nov. 3, according to Reuters. U.S. stocks had opened higher after as it was optimistic that legislation could be pushed through before the election. Wall Street's fear gauge rose for a sixth straight session. Amazon.com, Facebook Inc., and Microsoft Corp fell between 0.8% and 1%. They were among the biggest drags on the S&P 500. All major S&P sectors were trading lower, with the communication services index down about 1%. At 12:40 p.m. ET, the Dow Jones Industrial Average was down 100.05 points, or 0.35%, at 28,506.26, the S&P 500 was down 15.01 points, or 0.43%, at 3,468.80. For its part, the Nasdaq Composite was down 36.10 points, or 0.31%, at 11,635.45. Declining issues outnumbered advancers for a 1.01-to-1 ratio on the NYSE. Meanwhile advancing issues outnumbered decliners by a 1.07-to-1 ratio on the Nasdaq. On the other hand, the broader S&P index recorded 25 new 52-week highs and one new low, while the Nasdaq recorded 94 new highs and 22 new lows.
