Stocks Slump After Trump Halts Coronavirus Stimulus Talks Until After Election

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Stock prices dropped sharply, erasing earlier gains, after President Trump said he was ending negotiations with Democrats on another coronavirus stimulus package until after the election.

The Dow ended the day down 376 points, or down 1.3%. The S&P 500 lost 1.4%, while the Nasdaq composite index lost 1.6%.

Airlines, which have been counting on a new aid package from Congress to avoid furloughing workers, saw their shares slide. United Airlines ended down 3.65%, while Delta Airlines lost 3%. American Airlines fell 4.5%. At the same time, tech giants Apple, Netflix and Amazon, which have been among the top gainers this year, continued to lose ground, falling more than 2% each.Stock investors have been hoping for additional economic relief from Congress, which passed several relief bills earlier in the pandemic, including the $2.2 trillion CARES Act.

The economy has recovered somewhat from the worst of the coronavirus recession, but Powell has repeatedly called for additional support from lawmakers.

 

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Maybe his strategy was to drive the market so low so he could buy stocks in quantities enough to be able to bail himself out of the 300,000,000+ dollars he will owe in the next few years

Timed well. He and his crime syndicate will now buy up cheaper stocks. Crime Syndicate. Remove them all. Prison.

VoteBidenHarris2020 to get rid of the COVIDIOT Insulting those that have truly suffered & lost loved ones from COVID19 since he TrumpHasCovid getting special drugs. A Mockery of a tragedy in America

Wtf

How come you don’t report on the stocks when they do good? Or is that not part of your anti Trump agenda?

I wonder what happened to the 401k of that guy's dad that had tripled over Trump's presidency..

Pfizer and Moderna COVID vaccines both set back as well.

Trump wants to cut your payroll tax and/or mail you a check. Pelosi demands most of the money go to bail out blue state governments instead. Trump has decided to let voters weigh in.

He’s holding the country hostage

Like we needed more evidence that Trump is destroying America. Putin could never imagine such return on his investment.

Economy in the toilet now. Economy = stock market of course!

Flussshhhhhhhh like Dotard's campaign.

thanks, trump. Yet another failure.

Way to go, Donny 👍 You just negated half of your lifetime Tweets. TwitHead.

I remember when house democrats were 'trying to kill Americans' when they didn't sign the CARES Act without any debate.

Imagine if he's stolen the money

TRUMP COMMITS SUICIDE - Electoral suicide - when he said, wait on stimulus- now even his supporters will suffer alongside those of us who are dying, starving, still trying to support our families. impasse stupid trumpers

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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.
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