[ad_1]
The Dow Jones stock market closed over 400 points last night (October 19), pressured by concerns that the White House and Democrats may not be able to reach an agreement to launch a new round of stimulus before the eve of the United States presidential elections.
The Dow Jones Industrial Average closed at 28,195.42, down 410.89 or -1.44%, while the S & P500 closed at 3,426.92, 56.89 or -1.63%, and the Nasdaq closed at 11,478.88, down 192.67 or -1.65%.
Ms. Nancy Pelosi, Speaker of the United States House of Representatives You have set a 48-hour deadline after negotiations with Mr. Steven Manu Shin, Minister of the Treasury of the United States. On Saturday US time with Ms. Pelosi said The 48-hour deadline gives Congress time to prepare for passage of a stimulus bill ahead of the November 3 US presidential election, which now it’s only two weeks.
Earlier, Mr. Manu Chin admitted that it is difficult to reach an agreement on a US economic stimulus package before the presidential election on November 3. The two sides still had conflicts on many issues.
Pelosi rejected the $ 1.8 trillion offer from the White House, saying it was not enough to mitigate the effects of COVID-19. While the Democrats are offering $ 2.2 trillion.
The 11 stocks calculated in the S & P500 index all fell. Led by an index of energy stocks fell 2 percent, ExxonMobil shares fell 1.99 percent, Chevron shares fell 2.21 percent, Chesapeake Energy shares fell 18.9 percent and occupational oil stocks. Fell 2.7%
Shares of Concho Phillips plunged 3.2 percent after Concho Phillips confirmed the acquisition of US shale oil producer Concho Resources for $ 9.7 billion.
The Tech Stock Index was down 1.9 percent, Apple shares fell 2.55 percent, Alpha shares fell 2.41 percent, Microsoft shares fell 2.48 percent and shares were down. Microsoft’s fell 2.48 percent. The computer fell 2%.
Investors keep an eye on US politics as they enter the final curve ahead of the November 3 presidential election, with just two weeks to determine the fate of Republican President Donald Trump. Together or Mr. Joe Biden, former Vice President of the United States. Democrats will occupy the White House
Investors are also looking forward to the third debate, the final round between President Trump and Biden, which will take place on Thursday, October 22 from 9:00 p.m. to 10:30 p.m. US time. October morning, 8:00 a.m. M. At 9:30 p. M., Thai Time, and the topics for this round of discussion are as follows: Addressing COVID-19, US leadership, Racial conflict in the US, Addressing global warming Including issues of national security and households in the USA. USA
For the economic data of the United States that were released last night. The National Association of Home Builders (NAHB) of the United States revealed that. The home builder confidence index rose two points to 85 in October, a record. It is driven by increased attention from people looking to buy a home. While the interest rates on home loans are low.
Other economic data to be released this week include September’s home and building permit numbers, the Federal Reserve’s Beige Book, the number of unemployment claims. Week, September Second Hand Home Sales, Conference Board September Leading Economic Index, Purchasing Managers Index (PMI), Marquit October Primary Manufacturing Sector AND the Purchasing Managers Index (PMI) in Primary Services Sector October Marquit.
