Stocks slip on Wall Street as virus aid deal remains elusive

Associated Press | Wednesday, October 21, 2020 9:16 a.m.

Pedestrians pass the New York Stock Exchange in New York.

Stocks are closing lower on Wall Street as negotiations continue to drag on in Washington over delivering more aid for the economy.

The S&P 500 lost 0.2% Wednesday after spending much of the day wobbling between gains and losses.

House Speaker Nancy Pelosi said she’s made progress with the White House on more economic stimulus, and she hopes discussions will continue. Even if they reach a compromise, it may face stiff resistance in the Senate. Stocks of social media companies rose after Snap reported even bigger jumps in revenue and in the number of Snapchatters than analysts expected.