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Stocks drop after Trump calls off talks on economic stimulus

18 days ago   |   By Boston Herald

By STAN CHOE, DAMIAN J. TROISE and ALEX VEIGA
Stocks dropped on Wall Street Tuesday after President Donald Trump ordered a stop to negotiations with Democrats on a coronavirus economic stimulus bill until after the election.
The S&P 500 index slid 1.4% after having been up 0.7% prior to the president's announcement, which he made on twitter about an hour before the close of trading. The late-afternoon pullback erased most of the benchmark index's gains from a market rally a day earlier.
In a series of tweets, Trump said: “I have instructed my representatives to stop negotiating until after...
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Stocks drop after Trump calls off stimulus talks

Stocks drop after Trump calls off stimulus talks

18 days ago   |   By WGN TV

NEW YORK - Stocks dropped suddenly on Wall Street Tuesday afternoon after President Donald Trump ordered a stop to negotiations with Democrats over another round of stimulus for the economy, which has been punched into a recession by shutdowns related to the coronavirus pandemic.
The Dow Jones Industrial Average swung instantly from a gain of about 200 points to a loss of about 300 points. The series of tweets from the president came just hours after Federal Reserve Chair Jerome Powell urged Congress to come through with more aid, saying that too little support “would lead to a weak...
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