Dow closes more than 300 points lower after Trump calls off stimulus, causing sudden drop in stocks

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Stocks dropped suddenly today, giving up earlier gains, after President Trump called off stimulus talks in Washington. The Dow tumbled 1.34%. The S&P 500 slid 1.4%. The Nasdaq fell 1.57%.

, sparking a sharp reversal in the major market benchmarks.

Trump tweeted: "I have instructed my representatives to stop negotiating until after the election when, immediately after I win, we will pass a major Stimulus Bill that focuses on hardworking Americans and Small Business." Airlines were also under pressure as the industry was hinging on additional aid to avoid more layoffs. United Airlines and Delta were down 3.7% and 2.9%, respectively. American slid 4.5% and Southwest pulled back by 2.4%.

House Speaker Nancy Pelosi, D-Calif., said Trump was putting "himself first at the expense of the country" by calling off the negotiations.

 

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Not too good

ese mmg

Great! The only thing that shitbag has to point to is the market and if he wants to destroy it for the month, I say “ go ahead- give it your best shot “. He is killing any re-election ember he thinks he has left!

How many of his family members and friends had puts before that announcement? All of them.

Why should anybody bail out poorly run states? Covid related relief: Yes Poorly run social programs in states: No

Trump is the biggest manipulators of all free markets.

Trump and Republicans care more about pushing and Supreme Court seat than helping the tens of millions of Americans suffering from COVID-19 that the GOP downplayed for months. That's why I'm voting Democrat down the ballot.

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