Pelosi and Mnuchin continued to narrow their differences

The stimulus headlines continue to flow as Wall Street closes.

The latest update is that the Speaker and Secretary Mnuchin spoke at 3:00 p.m. today for approximately 53 minutes. In this call, they continued to narrow their differences.

The Speaker has tasked committee chairs to reconcile differences with their GOP counterparts on key areas.

The Speaker continues to hope that, by the end of the day Tuesday, we will have clarity on whether we will be able to pass a bill before the election.

The two principals will speak again tomorrow and staff work will continue around the clock.

Meanwhile, the S&P 500 closed down by 56 points of 1.63%.