Dow Futures Point to Modest Wednesday Rebound amid Trump Impeachment Inquiry

Dow Futures Point to Modest Wednesday Rebound amid Trump Impeachment Inquiry 1

Futures on the Dow Jones Industrial Average (DJIA) and broader U.S. stock market rallied in after-hours trading Wednesday, as investors kept close tabs on an official impeachment inquiry of President Trump launched by House Speaker Nancy Pelosi.

Dow Futures Rally; S&P 500, Nasdaq Follow

Futures on all three major U.S. indexes traded in positive territory, setting the stage for a positive start to New York trading at 9:30 a.m. ET. Dow Jones futures climbed as much as 72 points. The futures contract was last up 69 points, or 0.3%, at 26,887.00.

Dow Jones futures approach 26,900 in overnight trading. | Chart: Bloomberg

S&P 500 futures climbed 0.2% to 2,977.00. Nasdaq 100 mini contracts were up 0.2% at 7,753.00.

Pelosi Initiates Impeachment Inquiry Against Trump

Speaker Nancy Pelosi is moving ahead with a formal impeachment inquiry of Donald Trump over new allegations that the president had pressured Ukraine’s leadership into opening a corruption investigation into Joseph Biden and his son.

The allegations are part of a whistle-blower complaint against President Trump alleging that he wilfully held information from Congress. The news broke a few days after the Trump administration froze $391 million in aid to Ukraine.

By initiating the impeachment inquiry, Pelosi and fellow House democrats are looking to draft a resolution condemning the president of wrongful behavior. However, this is no guarantee that the House will vote to charge Trump with crimes that lead to his impeachment. In the meantime, Democrats have threatened to subpoena Trump for a copy of the transcript with his call with Ukrainian President Volodymyr Zelensky.

Trump called the impeachment inquiry “presidential harassment” on Twitter. He added that Secretary of State Mike Pompeo received permission from Ukraine to release the transcript of the telephone call.

Trump also quoted an article claiming that the alleged whistle-blower worked for Hillary Clinton and Chuck Schumer.

Last modified (UTC): September 25, 2019 3:23 AM

September 25, 2019 3:14 AM

About the author

E-Crypto News was developed to assist all cryptocurrency investors in developing profitable cryptocurrency portfolios through the provision of timely and much-needed information. Investments in cryptocurrency require a level of detail, sensitivity, and accuracy that isn’t required in any other market and as such, we’ve developed our databases to help fill in information gaps.

Related Posts

E-Crypto News Executive Interviews

Crypto Scams

The Largest Crypto Scams Of 2022 (So Far)
The Largest Crypto Scams Of 2022 (So Far)
June 14, 2022
Scammers
How Do Scammers Entice Their Prey?
May 10, 2022
Beanstalk Farms Loses $80M In A Massive DeFi Governance Flash-Loan Hack
Beanstalk Farms Loses $80M In A Massive DeFi Governance Flash-Loan Hack
April 23, 2022
Prove
Joon Pak Head of Crypto at Prove talks to Us about Crypto Fraud And More
April 11, 2022
Mintable
Mintable CEO Zach Burks Talks to Us about the Opensea Stolen NFTs and Their Recovery
March 21, 2022

Automated trading with HaasBot Crypto Trading Bots

Blockchain/Cryptocurrency Questions and Answers

Russia
Roundtable Interview-What is the Effect of The Russia-Ukraine War on Cryptocurrency Prices?
March 4, 2022
GamStop
How Does Bitcoin Casino Work + 2021 Beginner’s Guide
November 8, 2021
Cryptocurrency
How to Buy and Sell Cryptocurrency
November 8, 2021
What Are Bitcoin Futures And How Will They Work In 2022?
November 4, 2021
Ethereum
The Unconventional Guide to Ethereum
October 28, 2021


CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin21,522 0.37 % 1.16 % 5.13 %
Ethereum1,244.3 0.12 % 1.22 % 14.38 %
Tether1.001 0.04 % 0.13 % 0.01 %
USD Coin0.9989 0.16 % 0.08 % 0.04 %
BNB239.92 0.31 % 0.43 % 10.99 %
XRP0.3680 0.45 % 0.07 % 14.16 %
Binance USD1.002 0.24 % 0.04 % 0.09 %
Cardano0.9566 0.22 % 0.68 % 6.96 %
Solana42.41 0.82 % 0.55 % 37.38 %
Polkadot8.130 0.47 % 0.99 % 11.05 %

bitcoin
Bitcoin (BTC) $ 21,483.00
ethereum
Ethereum (ETH) $ 1,244.34
tether
Tether (USDT) $ 1.00
usd-coin
USD Coin (USDC) $ 1.00
bnb
BNB (BNB) $ 239.74
xrp
XRP (XRP) $ 0.367963
binance-usd
Binance USD (BUSD) $ 1.00
cardano
Cardano (ADA) $ 0.498888
solana
Solana (SOL) $ 42.40
polkadot
Polkadot (DOT) $ 8.14