US stocks fall from record highs as House Democrats introduce articles of impeachment

SourceBusiness Insider
SectorFinancial Markets
CountryMiddle east

Speaker of the House Nancy Pelosi, D-Calif., and Vice President Mike Pence talk as a joint session of the House and Senate convenes to count the Electoral College votes cast in November's election, at the Capitol in Washington, Wednesday, Jan. 6, 2021. Jim Lo Scalzo/Pool via AP US stocks retreated from record highs on Monday as House Democrats introduced articles of impeachment, accusing President Trump of inciting an insurrection.Bitcoin entered a bear market on Monday after the crypto asset declined 20% from its recent high of more than $40,000.Watch major indexes update live here. US stocks retreated from record highs on Monday as the fallout from last week's Capitol riots continued. President Donald Trump was permanently banned from Twitter on Friday, and is currently barred either temporarily or permanently from a mix of other social media platforms. The consequences of the Capitol riots could extend to the early removal of Trump from the presidency, with Congress exploring both articles of impeachment and urging Vice President Mike Pence to invoke the 25th amendment to remove Trump this week. House Democrats officially introduced articles of impeachment on Monday, accusing Trump of inciting an insurrection. Here's where US indexes stood at the 4:00 p.m. ET close on ...read more...