Skip to main content

Stocks, Markets, News, Blah-blah

Trump Positive - Stocks Negative

conservativedailynews.com

Stocks Drop After Trump Announces Positive COVID Test - Conservative Daily News

Jake Dima
2 minutes

http://dailycaller.com/

The U.S. stock market fell following President Donald Trump’s announcement that he and First Lady Melania Trump tested positive for coronavirus.

NASDAQ Composite and S&P 500 declined 2% (234 points) and around 1.6% (55 points) respectively as of Friday morning, according to Fox Business. The Dow Jones Industrial Average also dropped 1.5% (412) points amid the news, Fox reported.

“The news of President Trump contracting COVID-19 may completely change the direction of the campaign and adds to our already cautious outlook on the stock market,” CEO of Hercules Investments James McDonald told Reuters.

The stock plunge comes after the Bureau of Labor and Statistics reported that 661,000 were added in September, which was lower than the initial estimate of around 800,000. August saw a job surge of 1.37 million, according to the Bureau of Labor and Statistics.

The unemployment rate dropped to 7.9% percent from 8.4% following Trump’s health announcement.

Vice President Mike Pence and Second Lady Karen Pence have tested negative for COVID-19, according to the Pence’s press secretary Devin O’Malley.

“This morning, Vice President Pence and the Second Lady tested negative for COVID-19,” O’Malley said in a tweet. “Vice President Pence remains in good health and wishes the Trumps well in their recovery.”

Content created by The Daily Caller News Foundation is available without charge to any eligible news publisher that can provide a large audience. For licensing opportunities of our original content, please contact licensing@dailycallernewsfoundation.org

Comments

Post a Comment

Popular posts from this blog

CURRENT SPACs

Current SHLL vote Monday!! 9/28/20 - NASDAQ could be QUICK 9/29-10/1 ALL SPACs were crashy crashy Wed-Thursday 23-24 Sept 2020     Some recovery Fri 25 Sept 2020     As of 12:31 PM      DPHC down -16.49% Oeuf!     PIC down -12.66% Yikes     PSTH down -3.19% Plenty of time     SHLL down -2.99% VOTE Monday/NSDQ SOON +++   NKLA BOMBSHELL -- 10:00 AM Trevor Milton OUT! Steps down as CFF. Amidst a major sell-off, DOW down over 2%, NASDAQ, S&P down 1.9%, NKLA falls 16%. Big Tech correction, Election Chaos?  DPHC - Diamond Peak Holdings/Lordstown +1.0% hits 52-week high SHLL - +2.50% IPOB - +2.50% PIC - +2.50% New SPACs (Sept. 21, 2020) PIC -XL Fleet IPOB - OpenDoor XXXX - ChargePoint SHLL - Tortoise i -- Hyliion : HYLN Sept 28 merger VOTE        NASDAQ listing TBA @ shareholder vote "shortly" as early as 9/30, could be 10/1, then 3-5 day run and OUT https://ww...
Post a Comment
Read more

Hyliion News, Data, Yada

 Ugh -- NASDAQ listing bust... MarketWatch News   Hyliion Holdings Corp HYLN :NYSE Hyliion stock down more than 9% on trading debut MarketWatch 1:57 PM ET Shares of Hyliion Holdings Corp. (HYLN) fell more than 9% on Friday on their first day of trading on the New York Stock Exchange. Hyliion late Thursday said it completed the merger with blank-check company Tortoise Acquisition Corp. as announced in June, paving the way for trading. The deal gave Hyliion, a maker of electric powertrains for commercial trucks, about $560 million "to drive Hyliion's continued development and the commercialization of its Hybrid and Hypertruck ERX electrified powertrain solutions," the companies said. -Claudia Assis; 415-439-6400; AskNewswires@dowjones.com (END) Dow Jones Newswires October 02, 2020 13:57 ET (17:57 GMT) Copyright (c) 2020 Dow Jones & Company, Inc.   Please do not r...
Post a Comment
Read more