The Dow Jones today is taking a hit after Treasury Secretary Steven Mnuchin said that a stimulus deal before the election is looking less and less likely.
Earlier this week, House Speaker Nancy Pelosi (D-CA) said the White House’s proposal “falls significantly short” of what they believe to be expected. More of what’s moving the Dow today, below.
Before we dive into the latest stories and more, here are the numbers from Wednesday for the Dow, S&P 500, and Nasdaq:
Index Previous Close Point Change Percentage Change Dow Jones 28,514.00 -165.81 -0.58 S&P 500 3,488.67 -23.26 -0.66 Nasdaq 11,768.73 -95.17 -0.80
Now here’s a closer look at what I’m following today. These are the most important market events and stocks.
The Top Stock Market Stories for Thursday
On Thursday, speculation again centers around Washington’s willingness to get a deal done on stimulus in the coming days. U.S. President Donald Trump renewed hope last week that Congress would unveil a broad stimulus package to help struggling airlines and small businesses. The president has also supported the issuance of roughly $1,200 directly to Americans. The House of Representatives have said they are seeking a bill valued at $2.4 trillion, while Republicans would like to see something close to $1.8 trillion.
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