Dow Falls 200 Points, Twitter Shares Sink 8%, As Market Eyes Earnings And Stimulus
- Date: 11-Jan-2021
- Source: Forbes
- Sector:Financial Markets
- Country:Middle East
Dow Falls 200 Points, Twitter Shares Sink 8%, As Market Eyes Earnings And Stimulus
Topline
The stock market is pulling back some of the new year's gains as continued chaos in Washington yields short-term uncertainty, but markets are still laser-focused on the next round of fiscal stimulus and the start of earnings season.
U.S. President-elect Joe Biden delivers remarks before announcing members of his cabinet that will ... [+] round out his economic team.
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Key Facts
Shortly after the market open, the Dow Jones Industrial Average had fallen 181 points, or 0.6%, while the S&P 500 and tech-heavy Nasdaq shed 0.8% and 1.5%, respectively.
Twitter's shares are plunging 8% after the platform said it was permanently suspending President Donald Trump's account Friday over fears he could incite further violence, raising questions over the type of precedent such a ban will ultimately set; Facebook and Snap are down 2%.
Meanwhile, shares of Boeing are down 3.5% after one of the firm's passenger planes crashed into the ocean shortly after taking off from Jakarta, Indonesia–just days after Boeing said it would pay $2.5 billion to settle a criminal