Dow falls | Mnuchin says Pelosi 'dug in' on certain issues | Presidential debate reaction

The back and forth between the White House and congressional Democrats left the broader market struggling to find traction once again.

VIEW IN BROWSER | SUBSCRIBE FRI, OCT 23, 2020 EVENING BRIEF AS OF FRI, OCT 23, 2020 • 04:19 ET DJIA 28335.57 -0.10% -28.09 S&P 500 3465.39 +0.34% +11.90 NASDAQ 11548.28 +0.37% +42.28   Most Active DOW NAME LAST CHG %CHG INTC 48.20 -5.70 -10.58% AAPL 115.04 -0.71 -0.61% MSFT 216.23 +1.34 +0.62% S&P 500 NAME LAST CHG %CHG GE 7.63 -0.09 -1.17% INTC 48.20 -5.70 -10.58% AAL 12.60 -0.55 -4.18% NASDAQ NAME LAST CHG %CHG INTC 48.20 -5.70 -10.58% AAL 12.60 -0.55 -4.18% AAPL 115.04 -0.71 -0.61%   EDITOR'S NOTE The back and forth between the White House and congressional Democrats left the broader market struggling to find traction once again.   The Dow Jones Industrial Average, S&P 500 and Nasdaq Composite were all little changed on Friday after Treasury Secretary Steven Mnuchin said House Speaker Nancy Pelosi "is still dug in" on a number of issues.   Mnuchin added, "If she wants to compromise, there will be a deal. But we've made lots of progress in lots of areas, but there's still some significant areas that we're working through."    The major averages all closed lower for the week, with the Nasdaq snapping a four-week winning streak. The Dow and S&P 500 posted their first weekly decline in four weeks.   Tech had an uncharacteristically tough week, as the Technology Select Sector SPDR Fund (XLK) dropped more than 2% over that time period and posted its first weekly loss in five weeks.  Some investors in the space are growing concerned that a Democratic sweep in the Nov. 3 elections could put pressure on tech.   "We see a Democratic sweep as having the most uncertainty and tail risk for [the] large-cap internet sector," Bank of America analysts said in a note. Specifically, the analysts think a "Blue Wave" could lead to higher taxes and tougher regulation for tech companies.     Catch The News with Shepard Smith at 7 p.m. ET on CNBC. The nightly newscast provides deep, non-partisan coverage and perspective on the day's most important stories. Fred Imbert | CNBC Markets Reporter @foimbert TOP NEWS  Dow closes slightly lower, snaps 3-week winning streak U.S. reports more than 71,600 new Covid cases as new infections near record highs and hospitalizations rise Intel stock slumps after weak data center results, chip delay Amazon blames 'technical issue' for removing Apple Card as payment option WHO says some countries 'are on a dangerous track' as Covid cases begin to stress health systems Tesla recalls nearly 50,000 Model S and X cars in China over faulty suspension That missing iPhone 12 charging plug is poised to provide a boost to one of Apple's hottest growth areas Biden's plans on climate and foreign policy can be positive for stocks, says Blackstone's Byron Wien Man found with van carrying guns and explosives planned Joe Biden assassination, court records say GOP pollster says Trump won the final debate but Biden 'won the war'   TOP VIDEO How high PPE costs and regulations are affecting the restaurant recovery   CNBC PRO Mike Novogratz likes stocks, bitcoin ahead of the election: 'The liquidity tsunami is just too big'   SPECIAL REPORTS This 108-year-old woman survived two pandemics: The 1918 Spanish flu and Covid-19 Black-owned restaurants in NYC struggle for survival as stimulus stalemate drags on   Unsubscribe Manage Newsletters Terms of Service Join the CNBC Panel Digital Products Feedback Privacy Policy   © 2020 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis. Data also provided by THOMSON REUTERS