Stocks are off to a wobbly start as hopes for virus aid fade
NEW YORK (AP) — Stocks are wobbling in early trading on Wall Street as hopes for a pre-election economic stimulus package slipped further away and as virus cases continued to increase. The S&P 500 was little changed after the first few minutes of trading Tuesday, while the Dow Jones Insustrial Average fell slightly. Drugmaker Eli Lilly slumped in the early going after reporting earnings that fell well short of what analysts were expecting. The company said it’s still backing a possible treatment for COVID-19 despite research showing that it may not be effective on hospitalized patients. European markets fell and Treasury yields moved lower.
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