“Optimism Is Being Shaken”: US Futures, Global Markets Slide Ahead Of $1.8 Trillion OpEx
As the world continues to grapple with the economic fallout of the COVID-19 pandemic, optimism is being shaken by news of a $1.8 trillion spending package proposed by the U.S. government. The proposed spending package, which is intended to provide relief to individuals and businesses affected by the pandemic, has sent shockwaves through global markets, with U.S. futures sliding in pre-market trading.
The proposed spending package, which is the largest in U.S. history, is intended to provide relief to individuals and businesses affected by the pandemic. The package includes direct payments to individuals, an extension of unemployment benefits, and aid to states and local governments. It also includes funds for small business loans, vaccine production, and other relief measures.
The proposed spending package has sent shockwaves through global markets, with U.S. futures sliding in pre-market trading. The Dow Jones Industrial Average and S&P 500 both fell more than 1% in pre-market trading, while the Nasdaq Composite dropped nearly 2%. European markets also fell, with the FTSE 100 and DAX both down more than 1%.
The proposed spending package has raised concerns about the U.S. economy, as well as the global economy. The U.S. economy has already been battered by the pandemic, with millions of jobs lost and businesses struggling to stay afloat. The proposed spending package could add to the strain on the economy, as it will add to the national debt.
The proposed spending package has also raised concerns about inflation. The U.S. government is already running a large budget deficit, and the proposed spending package could add to that deficit. This could lead to inflation, which could further weaken the economy.
The proposed spending package is intended to provide relief to individuals and businesses affected by the pandemic. While it is a necessary step, it has shaken optimism in the markets and raised concerns about the future of the U.S. and global economy. Only time will tell if the package will be enough to help the U.S. and global economy recover from the pandemic.
