(Bloomberg) — U.S. stocks tumbled after President Donald Trump said he is ending stimulus talks until after the election, just hours after Federal Reserve Chairman Jerome Powell renewed his warning that the economy will stumble without additional fiscal support.The benchmark S&P 500 slumped as much as 1.5% after Trump tweeted his comments, erasing a gain of as much as 0.7%. Treasury yields surged and the dollar jumped against most its major peers.“It goes to show that the stimulus package was far from a forgone conclusion,” said Matt Miskin, co-chief investment strategist at John Hancock Investment Management. “The market had had …read more
Source:: Yahoo Finance
