Wed. Nov 30th, 2022

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Wall Street down by 1%

1 min read
Wall Street

Wall Street down

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.

The S&P 500 fell to a session low shortly after the tweet, taking the index down more than 2% from its session high. Airline shares also tumbled, with United Airlines ending down 3.6% on the day, and the Cboe Volatility index climbed to a session high.

The Dow Jones Industrial Average fell 375.88 points, or 1.34%, to 27,772.76, the S&P 500 lost 47.66 points, or 1.40%, to 3,360.97 and the Nasdaq Composite dropped 177.88 points, or 1.57%, to 11,154.60.

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