US: Stocks fall amid doubts on stimulus prospects

📆 18/09/2020 02:56:00
📰 BusinessTimes

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[NEW YORK] Wall Street stocks retreated on Thursday following mixed economic data and amid unease over a continued stalemate in Washington on additional government support for the coronavirus-battered US economy. Read more at The Business Times.

"It seems like both sides have dug in," said Art Hogan, chief market strategist at National Securities, who added that the market had priced in a fiscal package of around US$1.5 trillion that still shows no signs of coming to fruition.

President Donald Trump has insisted that a vaccine will be ready by October, contradicting Centres for Disease Control and Prevention director Robert Redfield, who said on Wednesday one would not be widely available until well into 2021.

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