Stocks gave up early gains on Wednesday morning amid mixed earnings reports, as investors awaited new developments in the fiscal stimulus talks. Verizon posted better-than-expected adjusted 3Q earnings and raised its full-year guidance, but missed the consensus revenue estimate. Abbott Labs, which received approval for its rapid COVID-19 test in August, reported stronger-than-expected 3Q revenue and earnings and boosted its full-year guidance. The Dow fell 0.3%, the S&P 0.2%, and the Nasdaq 0.2%. Crude oil traded near $40 per barrel, while gold rose $18 to $1933 per ounce.
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