REUTERS: The S&P 500 and Dow were lower on Thursday after data painted a worrying picture of the economy, while President Donald Trump floated the possibility of delaying the Nov. 3 U.S. presidential election, feeding market uncertainty.
Shortly after the data, Trump, raised the idea of a delay in elections. The idea was immediately rejected by both Democrats and his fellow Republicans in Congress, the branch of government with the power to make that change. Along with weak data, Schleif said worries included upcoming earnings from companies including Apple Inc and Amazon.com and Washington's battle over stimulus along with uncertainty about the election.
The Fed also said a surge in virus cases was likely stalling the recovery, which will depend significantly on the virus path. Still Wall Street's main indexes were headed for their fourth monthly gain in a row, with the benchmark S&P 500 only about 4per cent below its February record high.
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