US stocks erase all gains despite additional funding announcement

Tuesday, 07. April 2020 22:01

Stocks on Wall Street finished Tuesday's trading session in the red, erasing all of today's gains, despite the lawmakers' announcement they would push for an additional $250 billion to be added to the small business lending program. Meanwhile, the country's Bureau of Labor Statistics reported the number of job openings remained almost unchanged in February.

The Dow Jones Industrial Average was down 0.12% at the closing bell, as Boeing Co. tumbled 4.77%. The Nasdaq 100 decreased 0.40%, with Gilead Sciences Inc. dropping 3.94%. The S&P 500 lost 0.16%. The worst performer was MSCI Inc., sliding 5.33%.

The euro grew 1.03% against the dollar at 3:59 pm ET to sell for 1.09034.

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Author:
Breaking the News / MD