Stocks fell on Tuesday after President Trump tweeted the White House would halt talks with Democrats about a second coronavirus stimulus deal.
U.S. stock futures moved lower in overnight trading on Tuesday after President Donald Trump called off stimulus talks until after the November election. Dow futures fell 90 points. S&P 500 futures and Nasdaq 100 futures fell 0.32% and 0.25%, respectively. In regular trading on Tuesday, the Dow Jones Industrial Average closed down 375 points after Trump tweeted the White House is halting talks with Democrats about a second coronavirus stimulus deal. Earlier in the session, stocks rallied in hopes that there would be a second relief package to prop up markets as the coronavirus outbreak rages on. « I have instructed my representatives to stop negotiating until after the election when, immediately after I win, we will pass a major Stimulus Bill that focuses on hardworking Americans and Small Business, » Trump said in a tweet on Tuesday.
