Stocks suddenly drop after Trump calls off stimulus talks, Dow down 200 points

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Stocks suddenly drop after Trump calls off stimulus talks.

The Dow Jones Industrial Average traded 250 points lower, or 0.9%. Earlier in the day, the 30-stock average was up more than 200 points. The S&P 500 and Nasdaq Composite slid 0.9% and 1.1%, respectively.

Shares of Boeing dropped about 6% to lead the Dow lower. Apple, Netflix and Amazon were all down more than 2%. Facebook slid 1.6% and Alphabet dipped 1.7%. "It will now come down to who sweeps and how much stimulus we get and what it looks like under either a Republican or Democratic congress/President," said Dennis DeBusschere, quantitative strategist at Evercore ISI. "For now ... the sweep scenario clearly favors the Dems. That is why unwinding stimulus trades should not be taken too far.

 

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shaunking Trump doesn’t give a fuck about himself or his wife so what makes you think he care about the people or anybody else for that matter

shaunking Ya surprised?! I wasn’t

shaunking Good. It was clear Pelosi was going to keep holding up a deal via unreasonable demands until after the election.

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

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.

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