Futures on US stock indices headed lower on Thursday as the market appears to be increasing its losses after a tweet from President Donald Trump, who suggested that the US postpone the presidential election until 2020, which will take place on November 3 amid COVID. -19 pandemic. The 45th President of the United States tweeted on Thursday: “Thanks to universal voting by e-mail (not absentee voting, which is good), 2020 will be the most accurate and fraudulent choice in history. It will be a great embarrassment for the USA. Elections until people are able to vote correctly, safely and securely ??? “The Future of the Dow Jones YMU20 Industrial Average
were lower by 315 points, ie by 1.2%, to 26,127, while for the ESU20 S&P 500 index,
fell 1.1% to 3,216, while futures on the Nasdaq-100 NQU20
fell by 1.1% to 10,554. Trading in markets where they are already under pressure for economic data that highlighted the impact of the public health crisis on trade. GDP fell to a 32.9% annualized rate, the Department of Commerce said, slightly better than the 34.6% annual decline in the MarketWatch survey, but still the worst in history. In particular, initial entitlement to unemployment benefits rose slightly last week to 1.43 million from the revised upwards of 1.42 million, while continuing entitlements also rose to 17 million in the week ending 18 July. The decline in futures suggests that the Dow DJIA,
S&P 500 SPX,
a Nasdaq Composite Index COMP,
will open firmly lower on Thursday. Trump’s tweet also comes as he faces a fierce struggle against the presumed Democrat-nominated former Vice President Joe Biden, who is currently leading national polls against Trump.