Stocks Dive After President Trump Shatters Stimulus Hope

Stocks took a dive Tuesday afternoon after President Donald Trump in a set of tweets said he instructed his representatives to stop negotiations with House Democrat Nancy Pelosi for a second stimulus bill until after the November election....

Stocks began plunging almost immediately, with the Dow Jones Industrial Index down more than 250 points, or about 1.2%, by 3:30 p.m. EDT; it was previously up close to 1% Tuesday. The S&P 500, which was virtually flat for the day before the announcement, was also down about 1.2%, while the tech-heavy Nasdaq was down almost 1%.

The airline industry, which was on standby for a possible separate aid deal, was hit a bit harder with the S&P 500 Airlines Industry index down about 2.4% after the announcement, erasing modest gains from earlier in the day. American Airlines has already cut thousands of flights from its November schedule and shares of the company are down 3% in afternoon trading.President Trump’s tweet comes after days of urgent negotiations between House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin, who resumed talks late last week after a months-long standstill.

So if only the StockMarket is the economy as realDonaldTrump seems to believe, he just tanked it. There's the genius businessman at work. WakeUpAmerica VoteBidenHarris2020 VoteHimOut

Well...scratch that campaign resurrection tweet.

Holding people’s livelihood as a bargaining chip? This is no leader. “I have instructed my representatives to stop negotiating until after the election when, immediately after I win,” Trump tweeted shortly after 2:45 p.m. EDT.

JonChevreau BUY BUY BUY!

Guess he didn't see that coming

So if he loses then we don’t get anything period?

He’s fiddling around with the markets on purpose. Closer to November 3rd he’ll reverse and go for complete broke

Thanks Trump

Guess he wants Biden to win.

Since all of this seems so reactionary, we got a wonder if it’s the coronavirus, medication, etc. making him behave in a rational manner? I wish him well but we must be careful that the country doesn’t get damaged during this crisis. Vote in 2020

How we he do now with his more failing economy?

💐

trump failure

VoteTrump

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stocks drop after President Trump calls off stimulus talksStocks dropped suddenly on Wall Street Tuesday afternoon after President Donald Trump ordered a stop to negotiations with Democrats over another round of stimulus for the economy, which has been punched into a recession by shutdowns related to the coronavirus pandemic. The series of tweets from the jayfonsecapr Mira esto. Salio del hospita y cancelo el movimiento de las negociaciones de los cheques de estimulo. PERO Y QUE ES Hay miles de millones que les hacen falta este dinero Trump is going to get Amy Coney Barrett on the Supreme Court first! That will be 3 in 4 years! How many did Obama get on the Supreme Court during his 8 years? Hahaha idiot
Source: YahooNews - 🏆 380. / 59 Read more »

Stocks edge up as Trump leaves hospital, stimulus in focusStocks are drifting between small gains and losses in early trading on Wall Street a day after a broad rally. The S&P 500 was little changed shortly after the opening bell, while weakness in technology stocks pulled the Nasdaq slightly lower. TrumpIsANationalDisgrace Time to invest in NY Manhattan apartments that fell over 46%. . Elderly man, His face a fake tan, Shouts, 'CO-VID'S A LIE!' (As thousands more die.)
Source: AP - 🏆 728. / 51 Read more »

Stocks tumble after Trump rejects stimulus planStocks took a dive Tuesday afternoon after President Donald Trump said he ordered an end to stimulus negotiations until after the November election. Trump 🇺🇸 VS Soros 👿 The Kennedys Democrat Party RIP George Soros own the party now StimulusHostage
Source: CNN - 🏆 4. / 95 Read more »

Stocks drop, Dow down over 300 points as Trump halts stimulus talksThe Dow Jones Industrial Average gave up a gain of more than 100 points to trade more than 300 points lower on the day after President Donald Trump tweeted... so is Trump just helping the stocks market or not? I am kind of confused here... Trump was in poor health, high risk by age, had severe symtoms including fever, avoided respirator, took all 3 major drugs for covid (cocktail), and was out in 48 hours. What the heck is rest of country doing? Easy. They know that if people don’t have money, they can’t help boost the economy.
Source: MarketWatch - 🏆 3. / 97 Read more »