The Dow Jones Industrial Average traded 250 points lower, or 0.9%. Earlier in the day, the 30-stock average was up more than 200 points. The S&P 500 and Nasdaq Composite slid 0.9% and 1.1%, respectively.
Shares of Boeing dropped about 6% to lead the Dow lower. Apple, Netflix and Amazon were all down more than 2%. Facebook slid 1.6% and Alphabet dipped 1.7%. "It will now come down to who sweeps and how much stimulus we get and what it looks like under either a Republican or Democratic congress/President," said Dennis DeBusschere, quantitative strategist at Evercore ISI. "For now ... the sweep scenario clearly favors the Dems. That is why unwinding stimulus trades should not be taken too far.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
shaunking Trump doesn’t give a fuck about himself or his wife so what makes you think he care about the people or anybody else for that matter
shaunking Ya surprised?! I wasn’t
shaunking Good. It was clear Pelosi was going to keep holding up a deal via unreasonable demands until after the election.
Shooting yourself in the foot to own the libs. A relief package could've been a big win for everyone, instead this likely sealed it for the Dems. Biden2020
Duh!
The guy that touted his negotiating skills in 2016 couldn’t work a deal with the Dems now or even try with BLM over the last few months. Hey MAGA has it sunk in yet that you’ve been duped? The rest of us figured it out years ago.
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
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 »
Stock market live updates: Dow drops 300, Trump says 'stop negotiating' stimulus“We just think that the franchises are so strong and so dominant globally that I think it’s really difficult for even regulatory rulings to slow these companies down in the long term,” Light Street Capital’s Glen Kacher says about Big Tech. SohnXSF2020 Peloton’s will be a very expensive clothing rack 6 months after a vaccine. America we’ve seen this movie before. I just left the Gym I ride there 🏋️♂️$❗ Get this trash out my feed
Source: CNBC - 🏆 12. / 72 Read more »
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 »