New York (CNN Business) Wall Street was on a wild ride Monday, with the Dow swinging between highs and lows before finishing sharply in the red. Stocks had opened moderately higher on hopes that a stimulus deal might still get done ahead of the election, as well as buoyant economic news out of China . Dow INDU S&P 500 SPX Theclosed down 1.4%, or 411 points, having swung more than 570 points between its high and low points. Nasdaq Composite COMP Theended 1.7% lower, its fifth straight down day. "US stocks declined after another futile attempt at getting a stimulus deal before the election failed and as COVID-19 concerns grow as several states with large populations are seeing rising positivity rates," said Edward Moya, senior market analyst at Oanda, in a note.

Source: CNN October 19, 2020 19:33 UTC