Stocks erase gains after Trump calls off stimulus talks

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Stocks dropped suddenly on Wall Street after President Trump ordered a stop to negotiations with Democrats over another round of stimulus for the economy.

Stocks dropped on Wall Street on Tuesday after President Trump ordered a stop to negotiations with Democrats on a coronavirus economic stimulus bill until after the election.

“This isn’t just pushing it off until after the election, this realistically is pushing it off until spring,” Delwiche said. “I don’t think this is just a one-day financial markets reaction. This really goes to the health of the recovery.” Small stocks also fell, but less than the rest of the market. The Russell 2000 index of small-cap stocks gave up 4.67 points, or 0.3%, to 1,577.29.Stocks had been drifting between small gains and losses for much of the day before gaining momentum into the late afternoon, then Trump’s tweets knocked the market into reverse gear.

 

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The Fed's buying Wall St bum debt did nothing for Main St, & it's Main St on which Wall St stands. The real story is in the food lines, job losses, evictions, & bankruptcies.

This could make the forecast for CA and US economy much worse.

Welp!

It's all about money, but what's more important that this?

Trump crashing the economy... like a child slamming doors on their way to their room after getting grounded... he needs his binky

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