Dow futures signal fall on Thursday as President Trump contemplates delaying 2020 election due to coronavirus

The decline in US stock-index futures was seen following a tweet from President Donald Trump suggesting the US should delay the 2020 presidential election, which takes place on November 3 between COVIDs. -19 epidemic. 45th President of America Tweeted on thursday: “With universal mail-in voting (not absentee voting, which is good), 2020 will be the most inaccurate and bogus election in history. It would be very embarrassing for the USA. Unless people properly, safely and securely elect Turn it up. Vote ??? “Futures for Dow Jones Industrial Average YMU20,
315 points or 1.2% down at 26,127, while for the S&P 500 Index ESU20,
Nasdaq-100 futures NQU20, down 1.1% at 3,216
1.1% drop at 10,554. Trade in markets where there are already under pressure following economic data that have exposed the impact of the public-health crisis on business activity. GDP fell at a 32.9% annual pace, the Commerce Department said, slightly better than the 34.6% annual decline forecast in the Marketwatch survey, but still the worst in history. Separate claims for unemployment benefits rose slightly last week, from 1.43 million to 1.42 million, while continuing claims also increased to 17 million in the week ended 18 July. The decline in futures means that the Dow DJIA,
S&P 500 SPX,
And Nasdaq Composite Index Comp,
Thursday will be less solid. Trump’s tweet also comes as he faces a tough fight against Democratic Democratic nominee former Vice President Joe Biden, who currently leads in national elections against Trump.


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