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The Dow and the S&P 500 are coming off their first losing week in four as talks over the next coronavirus stimulus package dragged on.
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Pressed on why the U.S. can't make efforts to control the coronavirus pandemic, Meadows said: ""Because it is a contagious virus just like the flu."
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Europe Imposes New Restrictions As COVID-19 Cases Soar NPREurope Imposes New Covid-19 Restrictions as Second Wave Accelerates The Wall Street JournalItaly imposes harshest coronavirus restrictions since spring lockdown as second wave sweeps Europe The Washington PostEurope, U.S. watch case totals grow, debate new restrictions WKRN News 2
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 The holiday hiring season has begun, but initial signs indicate it will be very different from years past. In-store hiring is down as more roles have shifted to logistics, e-commerce and novel positions related to the coronavirus. Perhaps more surprising, job-seeker interest is also down, even though unemployment is higher than it's been in years.
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 Concho Resources Inc agreed this month to being taken over by ConocoPhillips for $9.7 billion. Canadian companies have been under stress for six years, dating back to the last downturn, due to congested pipelines and the flight by foreign oil companies and investors due to Canada's high production costs and emissions. Cenovus said the deal would create Canada's third-largest producer based on total company output.
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Pelosi and Meadows trade accusations over stimulus talks in sign deal remains elusive CNNSecond stimulus check updates: Pelosi not giving up on COVID-19 bill Chicago TribuneSecond stimulus checks: Pelosi still hoping to strike deal before election WGHP FOX 8 GreensboroView Full Coverage on Google News
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It appears Google has pulled the Chrome OS 86 Stable Channel update from most Chromebooks About ChromebooksChrome OS may finally be getting a dark mode The VergeGoogle published a beautiful new set of wallpapers on Chrome OS, and you can download them here Android PoliceChrome OS May Finally Introduce a Dark Mode PCMag
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 Biotech stocks posted weekly declines in the week ended Oct. 23, pressured by the broader market decline amid mixed earnings reports and the impasse on fiscal stimulus.After declining in the first three sessions of the week, the iShares Nasdaq Biotechnology Etf (NASDAQ: IBB) rebounded in the next two, thereby recouping some of the losses.Biogen Inc's (NASDAQ: BIIB) third-quarter report headlined the biopharma earnings news flow of the week. Although the initial reaction was positive due to the better-than-expected headline numbers, the stock came under selling pressure subsequently, as investors fretted over accelerating decline in Spinraza sales and the looming binary event for Alzheimer's treatment candidate aducanumab.On the coronavirus vaccine front, AstraZeneca plc (NASDAQ: AZN) experienced another scare as a trial participant was reported as dead in Brazil. The U.K. biopharma, however, was vindicated as reports later said the said participant was administered placebo and not the investigational vaccine.Moderna Inc (NASDAQ: MRNA) completed enrollment in its Phase 3 COVE study, with the company now looking ahead to the interim readout.Gilead Sciences, Inc.'s (NASDAQ: GILD) Veklury was accorded full FDA approval during the week.Expectedly, Zosano Pharma Corp (NASDAQ: ZSAN) was handed down a complete response letter for the NDA for its migraine patch. The penny stock slumped about 40% at one point in time in the week before recovering some of
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 White House chief of staff Mark Meadows gets in a heated exchange on CNN over the coronavirus and Vice President Mike Pence's actions in the wake of his chief of staff and other key members of his inner circle testing positive in recent days.
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 Oil futures on Friday settled with a loss, as rising oil exports from Libya and ongoing worries about energy demand pulled U.S. prices below the $40 mark. Libya's National Oil Corporation said it lifted force majeure on its shipping commitments from the Es Sider and Ras Lanuf ports, Reuters reported Friday-meaning that the ports can meet contractural obligations on oil exports. Libya's "exports could surpass one million [barrels per day] in four weeks," said Marshall Steeves, energy markets analyst at IHS Markit. Libya resumed oil exports last month after the lifting of an eight-month blockade that had halted exports. December West Texas Intermediate crude fell 79 cents, or 1.9%, to settle at $39.85 a barrel on the New York Mercantile Exchange. Based on the front-month contract, the U.S. benchmark contract marked its lowest finish since Oct. 12 and lost 3.1% for the week.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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U.S. stocks fell as investors weighed the potential for additional fiscal stimulus and Intel shares led the broader tech sector lower.
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