U.S. equities sank into the red as stimulus hopes that lifted stocks overnight quickly soured. Talks on fiscal aid continued but the two sides remain reluctant to compromise, with House Speaker Nancy Pelosi saying that significant disagreements remain, while Republicans in the Senate continue to push a smaller aid package. Record virus cases in Europe spurred fears of a double-dip recession there. The prospect of further lockdown measures weighed on the oil markets, with OPEC+ warning of a “precarious” outlook for crude demand and hinting at a potential change in policy next month.