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rdf:type	schema:NewsArticle
schema:articleBody	Wall Street dove in early trading on Thursday amid pessimism over chances for a new US economic stimulus measure and a surprise rise in jobless benefit claims. The bellwether Dow Jones Industrial Average dropped 0.8 percent to 28,300.41 about 40 minutes into the trading session, while the broad-based S&P 500 lost 0.9 percent to 3,457.41. The tech-rich Nasdaq Composite Index declined 1.2 percent to 11,630.87. Analysts said sentiment was dampened by Covid-19 fears with the virus surging in Europe, as well as uncertainty ahead of the November 3 US presidential election. Treasury Secretary Steven Mnuchin on Thursday repeated his concerns that a deal with congressional Democrats on a new rescue package to help jobless workers and struggling businesses will be hard to get done before the election. "We do need bipartisan support, we can't do this alone, so I will continue to negotiate until we can get a deal done," Mnuchin said on CNBC, but accused House Speaker Nancy Pelosi of "holding out for an all-or-nothing" deal. Pelosi late Wednesday spoke on MSNBC and said two sides would not be talking if they didn't truly want to reach an agreement, while insisting on a "clear plan to crush the virus" as well as funds for education and to protect worker safety. Briefing.com analyst Patrick J. O'Hare said stimulus is not the only issue moving markets, even as the 53,000 rise in applications for unemployment benefits last week showed the need for more spending. Blaming the market decline on "the revelation that a big deal might not be reached is explanatory overreach," he said, pointing instead to new coronavirus lockdowns in Britain, France and Germany. "The added concern is that the US could eventually be forced to walk the same shutdown path," he said. United Airlines fell 4.5 percent following its earnings report released after markets closed Wednesday showing a loss of $1.8 billion. Drug store chain Walgreens Boots Alliance gained 3.45 percent on better than expected earnings, while Apple was down 1.4 percent just days after its iPhone launch. hs/cs
schema:headline	US stocks skid at open on stimulus pessimism
schema:mentions	Steven Mnuchin O'Hare International Airport S&P 500 Index Unemployment benefits Patrick Drake Computer virus United States Department of the Treasury 2012 United States presidential election Dow Jones Industrial Average CNBC United Airlines Columbidae MSNBC IPhone Apple Inc. Speaker of the United States House of Representatives European Union Nancy Pelosi France Severe acute respiratory syndrome coronavirus 2 Coronavirus disease 2019 Walgreens Boots Alliance Bellwether 40 Minutes NASDAQ Composite
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-10-15 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	63 (xsd:integer)
http://data.cimple...tology#hasEmotion	fear

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