Wall St ends down after Mnuchin dims stimulus hopes

The Dow Jones Industrial Average fell 0.58% to end at 28,514 points, while the S&P 500 lost 0.66% to 3,488.67. The Nasdaq Composite dropped 0.8% to 11,768.73.

NEW YORK: Wall Street finished weaker on Wednesday, led lower by Amazon and Microsoft, as investors lost hope that a U.S. fiscal stimulus would be approved before the presidential election in November.

Downbeat comments from Treasury Secretary Steven Mnuchin that a deal would not likely be made before the vote added to fragile sentiment following a mixed bag of quarterly earnings reports from major Wall Street lenders.