US equity markets tumbled as COVID-19 cases climbed and negotiations for a fiscal stimulus package before the election stalled once again - Dow dropped -650-points or -2.29% to 27,685.38, logging its biggest single session drop since 3 September and erasing its October gains. The Dow was down as much as -965-points at its worst levels of the session. It also marked the indices’ first close below 2%. Travel-related stocks were under particular pressure, including airlines (Delta Air Lines down -6.09%, United Airlines Holdings Inc -7.02% and American Airlines Group Inc -6.35%) and cruise lines (Royal Caribbean Cruises Ltd -9.65% and Norwegian Cruise Line Holdings -8.45%). Insurance giant American International Group Inc popped over >6% after the closing bell after announcing it intends to separate its life and retirement business from AIG. Nasdaq -1.64%. In merger and acquisition (M&A) news, Dunkin’ Brands Group Inc +16.11% after the New York Times reported the parent company of the former Dunkin’ Donuts and Baskin-Robbins ice cream was in talks to go private in a sale to private equity-backed Inspire Brands. Coca-Cola European Partners fell -1.90% after making a non-binding, indicative ~A$9.28B takeover proposal for Coca Cola Amatil (CCL.ASX).