US STOCKS-Wall St falls after grim data; Trump suggests election delay

Business news

U.S. stocks fell sharply on Thursday after a second straight rise in weekly jobless claims fueled worries about a post-pandemic economic recovery, while President Donald Trump floated the possibility of delaying the Nov. 3 presidential elections. Trump, without evidence, repeated his claims of mail-in voter fraud and raised the question of a delay in a tweet, though the Constitution bestows that power on Congress, not the president. Jobless claims also rose in the latest week, adding to signs the momentum of economic recovery has slowed as coronavirus cases spiraled in southern and western U.S. states.

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