Shares of industrial and transportation companies fell as hopes of a stimulus package before 2021 faded, and as new restrictions went into place in Chicago and elsewhere.

Investors are bracing for a similar economic shock as that experienced in March.

"Are we going to have to shut more businesses? Can people even get to work if they want to? What does it mean for the transportation system?" said Joe Kinahan, chief market strategist at TD Ameritrade.

"It's all the same questions we went through in March coming back again." Still, Mr. Kinahan does not expect as extensive a wave of lockdowns this time around.

"It's tough to predict...In March, it was so new. I think different cities have different feelings about it this time around."

Senate Majority Leader Mitch McConnell has said that lawmakers remain far apart on how large another package should be, as Democrats seek a bill topping $2 trillion and Republicans favor a $650 billion proposal.

The stalled negotiations are a particular worry for investors as some states and localities impose new rounds of restrictions to fight the increasingly pronounced spread of Covid-19.

Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

11-12-20 1700ET