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,
decreased by 315 points, or 1.2%, by 26,127, while the S&P 500 with the ESU20 index,
decreased by 1.1% to 3216, while the Nasdaq-100 built NQU20,
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,
S&P 500 SPX,
and Nasdaq Composite Index COMP,
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.