Wall Street closes lower on stimulus talk standstill

Tuesday, 29. September 2020 22:00

Major indexes on Wall Street closed lower on Tuesday as the White House is expected to give on Wednesday an official response to the Democrat-designed coronavirus economic stimulus package proposal. Meanwhile, Johns Hopkins University reported that the US daily COVID-19 cases increased by 37,719 as New York City's coronavirus daily positivity rate was 3%.

The Dow Industrial Average lost 0.48% at the closing bell as Chevron Corp sank 2.75%. The Nasdaq 100 decreased by 0.37% with Zoom Video Communications' shares diving 4.54%. S&P 500 declined 0.48% as Apache Corp plunged 7.11%.

The euro gained 0.63% compared to the dollar to go for 1.17392 at 3:57 pm ET.

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Breaking the News / AM