Wall Street falls as pandemic hurts consumer confidence and earnings

The Dow Jones Industrial Average fell 205.49 points, or 0.77%, to 26,379.28, the S&P 500 lost 20.97 points, or 0.65%, to 3,218.44 and the Nasdaq Composite dropped 134.18 points, or 1.27%, to 10,402.09

NEW YORK: Wall Street closed lower on Tuesday as investors fretted about weakening consumer confidence, disappointing financial results and as investors worried about wrangling in the U.S. Congress over a coronavirus aid plan.

Weighing heavily on the Dow were industrial conglomerate 3M Co , down 4.8%, after it reported a second-quarter plunge in demand across its businesses and McDonald's Corp , which fell 2.5%, after a surprisingly big drop in global same-store sales.