President Trump was officially discharged from the hospital. Over the past few days, President Trump as well as the team of doctors are constantly updating the people. The epidemic and economic messages have had a huge impact on the market. Let's find out more details.
Update information of President Trump
Since the date of coronavirus infection up to now, President Trump has continuously updated key economic information. First, he talked about wanting the next support package to boost the economy and he would continue to run again.
The fact that President Trump is quite optimistic about re-election has made investors more optimistic because his tax policy strategies will make the economy grow. In the short term, if Mr. Biden is elected, it makes investors worried about the economy going down.
Second, he says vaccines and drugs will be available soon. This will reduce people's anxiety, stimulate people to buy, work to normal, and boost the economy.
President Trump's health has improved and officially discharged from the hospital. The stock market has also flourished and grown. The Dow Jones rose 1.68%, the S&P 500 was up 1.8% and the Nasdaq was up 2.32%. The security's futures market shows a sideways trend. The Dow FUT was up slightly 0.16%, the S&P FUT was up 0.01% and the Nas FUT was down 0.24%.
The gold market went against the stock trend and went down 0.27% to $ 1,914 / oz. Crypto also gained slightly, as Bitcoin rose slightly to $ 10,700 levels.
On the support package promoted by President Trump, House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin spoke for about an hour. But the results of this conversation have yet to reach any consensus.
There are about 1 month left the presidential election will take place. The opportunity to have a package of support for the people still needs to be agreed upon by the parties, the support package will be deployed.
About 150,000 BTC will be released from Mt. Gox?
Mt. Gox was a very large bitcoin exchange in 2011 period based in Japan. Almost everyone in that period traded bitcoin on this exchange. Between 2011 and 2013, Mt. Gox lost 850,000 BTC in the biggest hack attack in Bitcoin history. The trustee reported 150,000 BTC to reimburse users who lost money due to the breach.
We often wait for something to happen to the market
Follow news and market updates to keep informed
