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Stocks drop after President Trump calls off stimulus talks
Read full article: Stocks drop after President Trump calls off stimulus talksStocks turned sharply lower on Wall Street Tuesday afternoon after President Donald Trump ordered a stop to negotiations with Democrats on a coronavirus economic stimulus bill until after the election. The S&P index slid 1.3% after Trump tweeted his mandate. The benchmark index had been up 0.7% just prior to the president’s announcement with about an hour of trading left. Reports on the economy have been mixed recently, as some areas show a slowdown after extra unemployment benefits and other stimulus earlier approved by Congress expired. The market’s slide comes a day after the S&P 500 posted its best day in more than three weeks.