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.
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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