U.S. stocks ended down more than 1% on Tuesday after President Donald Trump said he was calling off negotiations with Democratic lawmakers on coronavirus relief legislation until after the election.
Stocks were higher before the remarks, but reversed course after Trump made the comments on Twitter.
Cases of the virus are still on the rise across much of the country, and hopes that a stimulus deal was still possible had helped stocks to recoup recent losses sparked by the news that Trump had contracted COVID-19.
The Dow Jones Industrial Average .DJI fell 375.88 points, or 1.34%, to 27,772.76, the S&P 500 .SPX lost 47.66 points, or 1.40%, to 3,360.97 and the Nasdaq Composite .IXIC dropped 177.88 points, or 1.57%, to 11,154.60.
Reference: CNBC, Reuters
Thai
Eng