S&P dips on worries about earnings, data, stimulus and election | Malay Mail

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NEW YORK, July 31 ― The S&P 500 and Dow closed lower yesterday after data painted a worrying economic picture on a crucial day for corporate earnings reports, while President Donald Trump exacerbated investor nervousness by floating the possibility of delaying the US presidential election....

The Dow Jones Industrial Average fell 225.92 points, or 0.85 per cent, to 26,313.65, the S&P 500 lost 12.22 points, or 0.38 per cent, to 3,246.22 and the Nasdaq Composite added 44.87 points, or 0.43 per cent, to 10,587.81. — Reuters pic

Investors also worried about the expiration of enhanced employment benefits today as US Congress was no closer to a deal yesterday to extend or replace the extra US$600-per-week in payments to tens of millions thrown out of work by the coronavirus. But the S&P gained ground as the day wore on and closed well above its session low, which was reached at 1000 EDT .

The Dow Jones Industrial Average fell 225.92 points, or 0.85 per cent, to 26,313.65, the S&P 500 lost 12.22 points, or 0.38 per cent, to 3,246.22 and the Nasdaq Composite added 44.87 points, or 0.43 per cent, to 10,587.81.

 

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