About: http://data.cimple.eu/news-article/3503ba1c85952c99643a75db99547a27944db73ac9e8c661e60f7834

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An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	Wall Street stocks finished solidly lower Thursday, resuming a downward trend from recent sessions as a US relief package suffered another setback in Congress. The tech-rich Nasdaq Composite Index was again the biggest loser among major indices, finishing down 2.0 percent at 10,919.59. The Dow Jones Industrial Average dropped 1.5 percent to 27,534.58, while the broad-based S&P 500 tumbled 1.8 percent to 3,339.19 after a morning that saw them open in positive territory but lose steam throughout the day. "Investors are wondering whether the technology sector can continue to deliver for the overall market," said TD Ameritrade's J.J. Kinahan. Large tech companies have been major beneficiaries during the coronavirus pandemic, propelled by rising demand for digital services, streaming and e-commerce. But increasingly there are "question marks in peoples' minds about 'the work from home' trade," Kinahan said. Thursday's losses went beyond technology, however, with energy and financial stocks also dropping as jobless claims in the United States remained at a high level and a slimmed-down relief package failed to garner enough votes to pass the Republican-led Senate. The bill fell short on a party line procedural vote, 52 to 47. It needed 60 votes to overcome blocking tactics in the 100-member chamber. Among individual companies, Nikola sank 11.3 percent after a report from short-seller Hindenburg Research called the electric truck company a fraud. General Motors, which took a stake in Nikola under a manufacturing agreement earlier this week, fell 5.6 percent. Major banks also retreated, including Citigroup, which shed 0.9 percent after it named Jane Fraser chief executive, becoming the first Wall Street financial powerhouse to have a female leader. jmb/cs
schema:headline	US stocks resume downward slide, tech shares tumble
schema:mentions	Digital media S&P 500 Index Jobless claims E-commerce Dow Jones Industrial Average LZ 129 Hindenburg General Motors United States Senate United States Congress Pandemic United States Coronavirus Jane Frazier Electric truck Rocket engine Christy Kinahan TD Ameritrade Citigroup Energy industry NASDAQ Composite
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-09-10 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	64 (xsd:integer)
http://data.cimple...tology#hasEmotion	fear

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