All three major indices closed down today amid the developing impeachment drama. The Dow fell 0.51%, the S&P 500 slid 0.83% and the Nasdaq dropped 1.46%.
A spokesman for the former vice president said Biden will urge Trump to comply with congressional requests for information. The spokesman added that Biden. Trump has admitted to talking to Zelensky about Biden but denied pressuring him. Rep. John Lewis, D-GA, tweeted in support of Trump's impeachment, noting: "The future of our democracy is at stake." Other prominent Democrats, including Sen. Dick Durbin of Illinois, also called on Tuesday for Trump's impeachment.
On top of the risks to Trump, investors worry the political turmoil surrounding an impeachment could weigh on an already fragile economy. Disappointing consumer confidence data weighed on stocks. Consumer confidence for September slipped to 125.1 from 135.1 in August. Economists polled by Reuters expected a dip to 133.5.bad deal"Hopefully we can reach an agreement that will be beneficial for both countries. But as I have made very clear I will not accept a bad deal for the American people," Trump said at the United Nations General Assembly in New York.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Dow, S&P 500 and Nasdaq gains belie negative market breadth dataThe Big 3 market indexes were all higher in morning trading Tuesday, but market breadth data were painting a more bearish outlook for the day. The number of...
Read more »
Marriott CEO Says Cutting Out Single-Use Toiletries Will Save 500 Million Plastic Bottles Per YearMarriott hotels are cutting out miniature toiletries to save plastic. The company says the shift will save 500 million little plastic bottles per year. (via hereandnow)
Read more »
RS Charts: Post Malone Holds Number One Spot on Artists 500RSCharts: PostMalone blew away the competition for the second week in a row to retain the Number One spot on our Artists 500
Read more »
Fighting his own corruption charges, Trump pushing misinformation on Biden'This is the by now familiar playbook that we've seen. Flipping the script. Projecting whatever wrongdoing you are doing onto the other guy.' - Charlie Sykes on Pres. Trump and Rudy Giuliani alleging that fmr. VP Biden committed unsubstantiated misdeeds.
Read more »