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US stocks fall after Donald Trump halts stimulus talks and Federal Reserve warns of ‘recessionary dynamics’ – ABC News
US stocks are sold off sharply after US President Donald Trump put a hold on negotiations on new stimulus spending until after the US presidential election, wit…
Stocks on Wall Street have reversed course and fallen more than 1 per cent in late trade after the US President stopped talks on new stimulus measures aimed at boosting the coronavirus-ravaged economy.
Key points:
- Nasdaq falls 1.6 per cent as stimulus talks put on ice until after US election
- Federal Reserve boss warns of downward spiral for US economy if no new stimulus
- Australian dollar loses 1 per cent to 71 US cents
Donald Trump wrote on Twitter that he…
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