Stocks stumble on surge in virus cases, elusive US stimulus

  • 📰 rapplerdotcom
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 86%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

The Dow closes 2.3% lower on Monday, October 26, the index's worst session since early September 2020.

Wall Street had its worst session in weeks on Monday, October 26, driven by spiking virus cases globally that could mean new business-strangling containment measures, as well as the worsening prospects of new stimulus for the United States economy.

"There will probably be gridlock if Biden wins but the Democrats don't take the Senate," said Gregori Volokhine of Meeschaert Financial Services. But there has been no agreement yet, with Treasury Secretary Steven Mnuchin saying last week"significant differences" remain with Democrats.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
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:

 /  🏆 4. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines