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Wall Street ends down in volatile trade as US stimulus talks drag on and lower greenback drives Aussie dollar surge – ABC News
US stocks end lower in volatile trade as negotiations continue for a new round of coronavirus before the US presidential election, while the Australian dollar surges…
The Australian dollar has jumped by more than 1 per cent overnight as the greenback hit a seven-week low as negotiations over new US coronavirus relief dragged on, which saw US stocks sold off after a volatile session.
Key points:
- US House speaker Nancy Pelosi is hopeful for a stimulus deal, but says it may not come until after US elections
- The Dow Jones was down 0.4 per cent to 28,211, S&P 500 was down 0.2 per cent to 3,436
- The Australian dollar vaulted above 71 US cents on the weak greenback
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