US exchanges closed in the red on uncertainty around a new incentive package
Leading American stock indexes finished yesterday trading session in the negative zone. Dow Jones fell 1.44% S & P 500 - 1.63%; NASDAQ shed 1.65%. Negative factor pessimism of investors that the new package support for the US economy will be agreed before the elections. Negotiations on the incentive program are still ongoing in White House. According to Speaker Nancy Pelosi's statement made to her in over the weekend if the parties fail to reach a compromise before Tuesday, then one should hardly expect the package to be agreed upon before the elections, until which there are two weeks left. Most players expect the White House and Congress will come under the control of the Democratic Party, which will approve a major financial assistance program. However, in this In this case, taxes may rise, which will reduce the profitability of the stock. Such opinion was voiced by Michael, top manager of Boston Partners Mallany