us stocks dive over trump agenda doubts
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

US stocks dive over Trump agenda doubts

Arab Today, arab today

Arab Today, arab today US stocks dive over Trump agenda doubts

President Donald Trump comments about large columns in the room as he speaks at the
New York - Arab today

Wall Street stocks fell sharply Tuesday amid increasing doubts about the prospects for President Donald Trump’s agenda, especially ahead of a key congressional vote on health care in two days.

Leading stock indices finished with their steepest declines of the year as Trump travelled to Capitol Hill to pressure lawmakers ahead of a vote Thursday vote by the House of Representatives on a health care replacement bill backed by the president.

Analysts said sinking oil prices also weighed on stocks.

Of the major indices, the tech-rich Nasdaq Composite Index fell the most, losing 1.8 per cent to close at 5,793.83.

The Dow Jones Industrial Average shed 1.1 per cent to end the session at 20,667.95, while the broad-based S&P 500 dropped 1.2 per cent to 2,344.01.

Banking shares were especially weak, with Bank of America dropping 5.8 per cent and Goldman Sachs losing 3.7 per cent. The sector had been a highflyer after the election in anticipation of regulatory rollbacks promised by Trump.

“There seems to be doubt creeping in investors’ minds whether or not the deregulation that Trump talked about will be put into effect, as well as tax reform and lower tax rates,” said Bill Lynch, director of investment at Hinsdale Associates.

Jack Ablin, chief investment officer at BMO Private Bank, agreed. “President Trump’s legislative agenda is getting mired in a congressional swamp, as starry-eyed optimism runs headlong into bloodshot realism.”

Tech shares were broadly lower, with big declines suffered by Google parent Alphabet, down 2.1 per cent and Tesla Motors, down 4.3 per cent. Apple shed 1.1 per cent

source : gulfnews

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

us stocks dive over trump agenda doubts us stocks dive over trump agenda doubts

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

us stocks dive over trump agenda doubts us stocks dive over trump agenda doubts

 



GMT 03:23 2017 Monday ,17 April

Oman to take part in Rabat meeting

GMT 14:43 2017 Tuesday ,03 October

EU parliament to denounce lack of progress on Brexit

GMT 02:12 2017 Wednesday ,27 December

Lactalis Baby Milk Contamination

GMT 04:34 2017 Thursday ,21 December

Royal row as body of king who aided Mussolini returns

GMT 01:48 2017 Wednesday ,22 November

ERC provides aid relief in Hadramaut districts

GMT 09:06 2017 Thursday ,09 March

Digital publishing pays off for Axel Springer

GMT 13:03 2016 Wednesday ,21 December

Fila partners with Mountain dews green label exclusives

GMT 09:15 2017 Thursday ,09 November

Government Treasury Bills issue 1677 fully subscribed

GMT 09:59 2017 Friday ,06 January

Transfer of Guantanamo Bay inmates continues

GMT 09:20 2017 Thursday ,31 August

Minister meets non-oil company heads

GMT 16:20 2017 Wednesday ,29 November

OIC condemns terrorist bombing of oil pipeline in Bahrain

GMT 15:00 2017 Saturday ,21 October

migrants 'only chance' for cultural revival

GMT 20:06 2018 Monday ,22 October

"Burning" wins best picture at Daejong Film Awards

GMT 07:48 2016 Wednesday ,18 May

Algeria, Serbia vow to boost economic partnership

GMT 08:15 2018 Sunday ,14 January

Liam Neeson says 'witch hunt' in Hollywood
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday