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Dow futures add to decline on Thursday as President Trump floats on postponement of 2020 election due to coronavirus



Futures on US stock indexes topped on Thursday, and the market appears to be increasing its losses after a tweet from President Donald Trump, who suggested the US postpone the 2020 presidential election, which will take place on November 3 amid the COVID-19 pandemic. The 45th president of the United States tweeted on Thursday: “With a general vote by mail (not absentee voting, which is good), 2020 will be the most inaccurate and fraudulent election in history. It will be a great embarrassment for the United States. and a safe vote ??? “The future for the Dow Jones YMU20 industrial average,
-1.48%
decreased by 315 points, or 1.2%, by 26,127, while the S&P 500 with the ESU20 index,
-1.13%
decreased by 1.1% to 3216, while the Nasdaq-100 built NQU20,
-0.71%
decreased by 1.1% at 10,554. Trade in markets where economic data are already pressing, emphasizing the impact of the crisis on health care on business. The Commerce Department estimates that GDP fell 32.9% year-on-year, slightly better than the forecast for a 34.6% drop in the MarketWatch poll, but still the worst in history. Separately last week, claims for unemployment benefits rose slightly to 1.43 million from a revised 1.42 million, while the extension of claims also increased to 17 million in the week ended July 18. Falling futures means that the Dow DJIA,
-1.54%,,
S&P 500 SPX,
-1.11%
and Nasdaq Composite Index COMP,
-0.52%
will open firmly lower on Thursday. Trump’s tweet also appears when he faces a tough fight against the alleged Democratic candidate, former Vice President Joe Biden, who is currently conducting national polls against Trump.




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