Wall Street dives as Trump orders halt to stimulus talks until after election

Wall Street took a nosedive late in the session on Tuesday , reversing solid gains to close deep in negative territory after President Donald Trump announced heThe Dow Jones fell 1.3 per cent, the S&P 500 lost 1.4 per cent and the Nasdaq Composite dropped 1.6 per cent. The news sent ASX futures diving setting up the Australian sharemarket for a negative start to the session. Shortly before 7am, futures are pointing to a drop of 17 points, or 0.3 per cent, to 5932 at the open.

In remarks delivered online to the National Association for Business Economics, Powell warned the US economy could slip into a downward spiral if the coronavirus is not contained and Congress fails to deliver additional fiscal support to businesses and households. Crude prices extended gains, boosted by supply disruptions from approaching storms in the Gulf of Mexico and an ongoing oil worker strike in Norway.

Who says economic policies don’t pump stock markets?

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Wall Street is warming to the idea of a clear-cut Biden winWith Joe Biden's lead widening in the polls and President Donald Trump's campaign sidelined by the virus, investment strategists now say there's less of a chance for a contested election. fakemedia Grubs 😡😡😡😡 Does anyone believe this rubbish. There could not possibly this many zombie voters in the US. Biden is a sick demented man that has been in gov for 47 years. He did NOTHING for America . How about WHERE IS HUNTER. Or WHY did Biden withhold 1Billion loan guarantee to Ukraine The polls won't reveal the voter suppression, the false FB narratives circulated by those who STILL HAVE the skimmed data from CambridgeAnalytica, the hacking or interference from Russian assets (like realDonaldTrump himself..) This election is not in the bag for Democrats.
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