Dow closes more than 300 points lower after Trump calls off stimulus, causing sudden drop in stocks

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Stocks dropped suddenly today, giving up earlier gains, after President Trump called off stimulus talks in Washington. The Dow tumbled 1.34%. The S&P 500 slid 1.4%. The Nasdaq fell 1.57%.

, sparking a sharp reversal in the major market benchmarks.

Trump tweeted: "I have instructed my representatives to stop negotiating until after the election when, immediately after I win, we will pass a major Stimulus Bill that focuses on hardworking Americans and Small Business." Airlines were also under pressure as the industry was hinging on additional aid to avoid more layoffs. United Airlines and Delta were down 3.7% and 2.9%, respectively. American slid 4.5% and Southwest pulled back by 2.4%.

House Speaker Nancy Pelosi, D-Calif., said Trump was putting "himself first at the expense of the country" by calling off the negotiations.

 

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Not too good

ese mmg

Great! The only thing that shitbag has to point to is the market and if he wants to destroy it for the month, I say “ go ahead- give it your best shot “. He is killing any re-election ember he thinks he has left!

How many of his family members and friends had puts before that announcement? All of them.

Why should anybody bail out poorly run states? Covid related relief: Yes Poorly run social programs in states: No

Trump is the biggest manipulators of all free markets.

Trump and Republicans care more about pushing and Supreme Court seat than helping the tens of millions of Americans suffering from COVID-19 that the GOP downplayed for months. That's why I'm voting Democrat down the ballot.

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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.
Источник: MarketWatch - 🏆 3. / 97 Прочитайте больше »

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
Источник: CNBC - 🏆 12. / 72 Прочитайте больше »

Stocks suddenly drop after Trump calls off stimulus talks, Dow down 200 pointsStocks were lower after President Donald Trump instructed White House officials to halt negotiations on further coronavirus stimulus. 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. 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
Источник: CNBC - 🏆 12. / 72 Прочитайте больше »