(CNBC) -- Stocks fell sharply on Monday ahead of a key deadline set by House Speaker Nancy Pelosi for new coronavirus stimulus before the election while Covid-19 cases rise.
The Dow Jones Industrial Average traded 410 points lower, or 1.4%. Earlier in the day, the 30-stock average was up more than 100 points. The S&P 500 dropped 1.6% and the Nasdaq Composite pulled back 1.7%.
Amazon, Alphabet and Microsoft were all down at least 2% to lead the decline along with Facebook and Apple. All 11 S&P 500 sectors fell on the day, with health care and communication services as the worst performers.
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