US stocks slumped and bets on volatility increased as traders weighed the implications of President Donald Trump’s positive test for the coronavirus along with renewed efforts in Washington to reach a deal on fiscal stimulus.
The S&P 500 Index pared the worst of its losses following comments from House Speaker Nancy Pelosi that she would work to find compromise with Republicans on a bill. A disappointing jobs report that showed less hiring than analysts had estimated underscored the urgency to push through an aid measure to help US workers. The Nasdaq 100 underperformed amid losses for tech companies including
The S&P 500 Index pared the worst of its losses following comments from House Speaker Nancy Pelosi that she would work to find compromise with Republicans on a bill. A disappointing jobs report that showed less hiring than analysts had estimated underscored the urgency to push through an aid measure to help US workers. The Nasdaq 100 underperformed amid losses for tech companies including