Stocks Dive After President Trump Shatters Stimulus Hope

Stocks took a dive Tuesday afternoon after President Donald Trump in a set of tweets said he instructed his representatives to stop negotiations with House Democrat Nancy Pelosi for a second stimulus bill until after the November election....

Stocks began plunging almost immediately, with the Dow Jones Industrial Index down more than 250 points, or about 1.2%, by 3:30 p.m. EDT; it was previously up close to 1% Tuesday. The S&P 500, which was virtually flat for the day before the announcement, was also down about 1.2%, while the tech-heavy Nasdaq was down almost 1%.

The airline industry, which was on standby for a possible separate aid deal, was hit a bit harder with the S&P 500 Airlines Industry index down about 2.4% after the announcement, erasing modest gains from earlier in the day. American Airlines has already cut thousands of flights from its November schedule and shares of the company are down 3% in afternoon trading.President Trump’s tweet comes after days of urgent negotiations between House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin, who resumed talks late last week after a months-long standstill.

So if only the StockMarket is the economy as realDonaldTrump seems to believe, he just tanked it. There's the genius businessman at work. WakeUpAmerica VoteBidenHarris2020 VoteHimOut

Well...scratch that campaign resurrection tweet.

Holding people’s livelihood as a bargaining chip? This is no leader. “I have instructed my representatives to stop negotiating until after the election when, immediately after I win,” Trump tweeted shortly after 2:45 p.m. EDT.

JonChevreau BUY BUY BUY!

Guess he didn't see that coming

So if he loses then we don’t get anything period?

He’s fiddling around with the markets on purpose. Closer to November 3rd he’ll reverse and go for complete broke

Thanks Trump

Guess he wants Biden to win.

Since all of this seems so reactionary, we got a wonder if it’s the coronavirus, medication, etc. making him behave in a rational manner? I wish him well but we must be careful that the country doesn’t get damaged during this crisis. Vote in 2020

How we he do now with his more failing economy?

💐

trump failure

VoteTrump

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