Name: Dow falls 375 points as Trump cans stimulus talks in Pelosi showdown
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Dow falls 375 points as Trump cans stimulus talks in Pelosi showdown

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Clearstead Advisers senior managing director Jim Awad, San Blas Securities President Dani Hughes, and BNY Mellon Investments chief strategist Alicia Levine discuss their outlooks for the markets.&nbsp;sank&nbsp;after President Trump scrapped stimulus talks while blasting House Speaker Nancy Pelosi's $2.4 trillion ask which is well above the $1.6 trillion Mnuchin was pushing for.Continue Reading BelowThe Dow Jones Industrial Average fell nearly 400 points or 1.3%, while the S&amp;P 500 and Nasdaq Composite dropped 1.4% and 1.5%, respectively.&nbsp; TickerSecurityLastChangeChange %DOW JONES AVERAGES27772.76-375.88-1.34%NASDAQ COMPOSITE INDEX11154.603642-177.88-1.57%S&amp;P 5003360.95-47.68-1.40%The move curbs an effort by Chairman , who reiterated the need for&nbsp;more stimulus earlier today while warning of major risks to the economy without it."The recovery will be stronger and move faster if monetary policy and fiscal policy continue to work side by side to provide support to the economy until it is clearly out of the woods," he said during remarks before the National Association of Business Economists.TickerSecurityLastChangeChange %CONSUMER DISCRETIONARY SELECT SECTOR SPDR ETF147.45-2.78-1.85%UTILITIES SELECT SECTOR SPDR ETF61.97+0.52+0.85%Consumer Discretionary stocks led a broad drop in the S&amp;P 500 with the exception of utilities considered&nbsp;a defensive measure for investors.Trump jumped back into work&nbsp;after being&nbsp; from Walter Reed Medical Center after having contracted COVID-19. The president will continue his treatment for the virus at the White House, his doctors said.Regeneron remains in focus after Trump used its experimental treatment of its COVID-19 vaccine and he noted today he is "feeling great" in a Tweet.TickerSecurityLastChangeChange %REGENERON PHARMACEUTICALS INC.581.64-23.44-3.87%ECONOMIC NEWSOn the economic front, the U.S. trade balance was wider than expected, at $67.1 billion for August. Economists were looking for a $66.2 billion deficit, up from a prior reading of $63.6 billion.And the closely watched JOLTS job openings figures came in at 6.4 million, slightly less than the&nbsp;6.5 million estimate, however, July was revised up to 6.7 million.EARNINGS SEASON KICKS OFFTickerSecurityLastChangeChange %PAYCHEX INC.79.43-2.02-2.48%LEVI STRAUSS &amp; CO.14.74-0.27-1.80%The third-quarter earnings season is set to begin on Tuesday, with Paychex, Inc. and clothing manufacturer Levi Strauss &amp; Co. reporting results.Paychex, which reports prior to the market open, is expected to earn 55 cents a share for its most recent quarter. San Francisco-based Levi Strauss reports after the market closes, with traders looking for earnings of 22 cents a share.TickerSecurityLastChangeChange %ALPHABET INC.1,451.02-31.81-2.15%MICROSOFT CORP.205.91-4.47-2.12%CORPORATE NEWSAlphabet's Google unit announced it would rename its Microsoft Office competitor from G Suite to Google Workplace, along with new pricing tiers to better compete in the marketplace.TickerSecurityLastChangeChange %APPLE INC.113.16-3.34-2.87%SONOS INC14.54-1.09-7.00%LOGITECH INTERNATIONAL S.A.75.83-4.94-6.12%Ahead of an expected launch for its new iPhone, speaker and headphones, has stopped selling rival products in its retail stores, impacting brands such as Bose Corp., Sonos Inc. and Logitech International SA, Bloomberg .TickerSecurityLastChangeChange %AT&amp;T INC.28.71+0.04+0.14% Warner Bros. movie division shuffled many of its upcoming movies, moving "Dune" to Oct. 1, 2021, and "The Batman" to 2022, Deadline .The news comes after&nbsp;Cineworld, parent company of Regal, announced plans to suspend&nbsp;over 500&nbsp; theatres in the U.S. starting Oct.&nbsp;8, citing "challenging theatrical landscape" tied to COVID-19.TickerSecurityLastChangeChange %UNITED STATES OIL FUND L.P.28.39+0.46+1.65%SPDR GOLD SHARES TRUST - EUR ACC177.30-2.11-1.18%Oil moved above $40 per barrel, while gold was little changed at $1,917.30 an ounce.

Clearstead Advisers senior managing director Jim Awad, San Blas Securities President Dani Hughes, and BNY Mellon Investments chief strategist Alicia Levine discuss their outlooks for the markets.&nbsp;sank&nbsp;after President Trump scrapped stimulus talks while blasting House Speaker Nancy Pelosi's $2.4 trillion ask which is well above the $1.6 trillion Mnuchin was pushing for.Continue Reading BelowThe Dow Jones Industrial Average fell nearly 400 points or 1.3%, while the S&amp;P 500 and Nasdaq Composite dropped 1.4% and 1.5%, respectively.&nbsp; TickerSecurityLastChangeChange %DOW JONES...

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Fox Business (officially known as Fox Business Network) is an American pay television business news channel that is owned by the Fox News Media division of Fox Corporation. The network discusses business and financial news.

Dow falls 375 points as Trump cans stimulus talks in Pelosi showdown

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