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Stocks tumble on concerns about no stimulus deal and more Covid restrictions to come

October 15, 2020. Summarized by summa-bot.

Wall Street opened sharply in the red on Thursday. Investors have plenty to worry about: There is still no US stimulus deal on the horizon and Europe is returning to restrictions to limit the spread of Covid-19.

New York (CNN Business)Wall Street opened sharply in the red on Thursday.

Investors have plenty to worry about: There is still no US stimulus deal on the horizon and Europe is returning to restrictions to limit the spread of Covid-19.

It's looking to be the third straight day of losses for the three indexes.

European stocks look even worse: They were deep in the red as the opening bell rang in New York, with the FTSE (FTSE) in London falling more than 2% and Germany's DAX (DAX) down nearly 3%.

Various European cities rolled out renewed restrictions to limit the spread of the pandemic after the continent saw rapidly increasing infection numbers.

Back in the United States, investors are still keeping fingers crossed for another stimulus deal before the presidential election in a mere 19 days.

Meanwhile, the New York Federal Reserve Bank's manufacturing index came in far lower than expected, while the Philadelphia Fed's business index beat expectations.

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