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Added on the 24/06/2016 19:00:12 - Copyright : Wochit
Getty Images US stocks extended losses into Monday's close as a lack of stimulus progress cut into hopes for a pre-election deal. House Speaker Nancy Pelosi expedited talks on Sunday, setting a 48-hour deadline for the White House and Democrats to ink a deal. She later told Democrats that significant obstacles in reaching a compromise remain. Even if an agreement is reached, the bill is set to die in the Senate as Republicans push a $500 billion measure. The US notched its fifth-straight day of more than 50,000 new cases, reviving fears of new lockdowns and a hit to economic recovery.
The carnage marked the blue chip index's worst start to a year in more than a century. The Nasdaq lost more than 3 percent. Fred Katayama reports.
Stocks took another hit Friday sending the Dow to its lowest level in two months. Jeanne Yurman reports.
A massive sell-off sent the big U.S. indices into correction territory amid a global rout. But the markets won't enter a bear market, predicts one analyst. Fred Katayama reports.
The closing bell rings at the New York Stock Exchange after the Dow flirted with its first-ever close above 35,000 points Monday, with US stocks turning in another record-filled session ahead of a heavy schedule of earnings releases and economic reports. IMAGES
The Dow fell more than 600 points on midday on Monday. Monday marked the first day of trading in 2021. Experts say the dip was caused by investors becoming worried about the pandemic and economic recovery in 2021. The Dow closed 1.3%, or 383 points, lower, while the S&P 500 fell 1.5%. The Nasdaq Composite (COMP) also closed 1.5% lower.
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