US stocks slump as White House, Congress 'remain at distance' over new COVID-19 stimulus

US stocks slump as White House, Congress 'remain at distance' over new COVID-19 stimulus

Lokmat

US stocks slumped on Monday as investors reacted negatively to news that Congress and the White House have remained apart on a new relief package to help Americans financially distressed by the novel coronavirus measures.

US stocks slumped on Monday as investors reacted negatively to news that Congress and the White House have remained apart on a new relief package to help Americans financially distressed by the novel coronavirus measures.

The Dow Jones Industrial Average, the broadest stock indicator on the New York Stock Exchange, closed at 28,195, decreased 1.4 percent.

The S&P, a barometer for the top 500 US stocks on the NYSE, settled at 3,426, off 1.6 percent.

The Nasdaq Composite Index, which lists US tech stock giants such as Facebook, Apple, Amazon, Netflix and Google, closed at 11,479, down 1.7 percent.

On Sunday, US House Speaker Nancy Pelosi said she was optimistic that legislation for a new economic stimulus could be pushed through before the November 3 presidential election.

Disclaimer: This is an automatically aggregated article/story by a computer program and has not been created or edited by Newsdig.in.

World COVID19 Meter

63295922

Cases

43278922

Recovered

1468416

Deaths
Last updated: GMT
Advt
Advt
Advt
sitemap Disclaimer
Newsdig.in 2019