Stocks Tumble After Trump Calls Off Stimulus Until After The Election : NPR
NPR
Stock prices dropped sharply Tuesday, erasing earlier gains, after President Trump called on his representatives to stop negotiating with Democrats on another coronavirus stimulus package until after the November election.
Trump's message, contained in a tweet, came hours after Federal Reserve Jerome Powell had urged Congress in a speech to provide another round of pandemic relief, saying it's better to do too much than too little.
The Dow Jones Industrial Average, which had been up more than 200 points earlier in the day, suddenly reversed course and retreated as much as 413.5 points at one point.