Stocks end lower as Dems, GOP still said to be far apart on a stimulus deal The major averages were mixed in early trading but took a decidedly negative turn near midday after Treasury Secretary Steven Mnuchin was quoted as having said that getting a stimulus deal done before the election will be difficult. His comments came after a top aide to House Speaker Nancy Pelosi said the pair had talked this morning and were still in negotiations. ECONOMIC EVENTS: In the U.S., the headline Producer Price Index rose 0.4% in September, and the core rate was up 0.4% as well, both of which pointed to hotter than forecast inflation. Meanwhile, Bloomberg reported that U.S. Treasury Secretary Steven Mnuchin said that getting a stimulus deal done before the November 3 election will be difficult. Mnuchin added that there has been progress on certain issues, but noted that stimulus talks are still far apart on others, according to Bloomberg. TOP NEWS: The reporting season for the nation's largest banks continued with quarterly updates from Bank of America ($BAC), Wells Fargo ($WFC) and Goldman Sachs ($GS). Following the reports, Bank of America shares were 5.3% lower, Goldman's stock finished the day fractionally higher and Wells fell just over 6%. In M&A news, Bed Bath & Beyond ($BBBY) announced that it has entered into separate agreements to sell its Christmas Tree Shops retail banner, its institutional Linen Holdings business and a distribution center located in New Jersey, noting that it expects to generate a total of approximately $250M in aggregate from the monetization of these assets. Allscripts ($MDRX) announced the execution of an agreement to sell its CarePort Health business to WellSky, a health and community care technology company jointly owned by TPG Capital and Leonard Green & Partners, for a sale price of $1.35B. Allscripts shares jumped 31.2% following the divestiture news. Meanwhile, Business Insider reported that AT&T ($T) is reevaluating the huge New York City headquarters of WarnerMedia and could decide to cut hundreds of thousands of square feet of office space. Additionally, Reuters reported that the U.S. State Department has submitted an application for the Trump administration to add China's Ant Group to a trade blacklist before the fintech unit of Alibaba ($BABA) is scheduled to go public. MAJOR MOVERS: Among the noteworthy gainers was NIO ($NIO), which rose 22.6% after JPMorgan and Citi analysts both upgraded the stock. Also higher was Concho Resources ($CXO), which gained 10.2% after Bloomberg reported that ConocoPhillips (COP) is in talks to acquire the company. Among the notable losers was AMC Entertainment ($AMC), which fell 16.4% after Bloomberg said the company is considering a number of options including a potential bankruptcy, a claim that CEO Adam Aron denied. Also lower was Cyclerion Therapeutics ($CYCN), which dropped 52.9% after announcing STRONG-SCD study results did not demonstrate adequate activity to support further internal clinical development. INDEXES: The Dow fell 165.81, or 0.58%, to 28,514.00, the Nasdaq lost 95.17, or 0.80%, to 11,768.73, and the S&P 500 declined 23.26, or 0.66%, to 3,488.67. Nasdaq Composite +31.2% YTDS&P 500 +8.0% YTDDow Jones Industrial Average -0.1% YTDRussell 2000 -2.8% YTDMarket SnapshotDow28513.94-165.81(-0.58%)Nasdaq11768.66-95.17(-0.80%)SP 5003488.67-23.26(-0.66%)10-yr Note +22/320.728NYSEAdv 1165 Dec 1825 Vol 764.4.1 mlnNasdaqAdv 1139 Dec 2192 Vol 3.4 blnIndustry WatchStrong: Energy, Industrials, MaterialsWeak: Consumer Discretionary, Communication Services, Financials, Real EstateMoving the Market-- Stock market closes lower in consolidation day-- Underwhelming/disappointing earnings reactions-- Stimulus talks drag on-- Cyclical sectors outperformedSource: (Briefing.com)(theFly.com)Disclosure: I may trade in the ticker symbols mentioned, both long or short. My articles represent my personal opinion and analysis and should not be taken as investment advice. Readers should do their own research before making decisions to buy or sell securities. Trading and investing include risks, including loss of principal.If you liked this article, please click the LIKE (thumbs up) button.Feel free to leave any comments, question, or opinions. (Sign-up if you haven't already done so).Follow us/bookmark us and check back occasionally for additional articles or comments on our page...Wild Tiger Trading - start/main page..Want to trade some of these stocks?Are you interested in trading stocks to supplement your income or make a living? Maybe become a professional trader? Many traders have the skills and nerves to trade, but not the upfront capital. Well now that problem is solved!Try2BeFunded has expanded its trading program! If you're a novice or experienced trader, you can earn access to a trading account with up to $100,000! To learn more about how to qualify, click HERE and give it a shot! You have nothing to lose it is free to try.Give Try2BeFunded a try!.