President Trump Impeached, US Stocks Mixed

Ibeth Rivero

Impeachment trial now to go to the Senate; stocks closed in mixed territory.

Donald TrumpWith the aid of 10 Republican Congressmen, the Democrat-controlled House of Representatives impeached US President Donald Trump, accusing him of inciting the siege on the Capitol that took place last week.

Afterward, Trump's team released a video of him saying that violence goes against everything he believes in and that anyone who supports him must never endorse political violence or disrespect law and order. Nancy Pelosi claims otherwise, insisting that the president led the mob, despite the fact that Trump had explicitly instructed his supporters at his rally prior to the siege to march peacefully and without violence.

“The president of the United States incited this insurrection, this armed rebellion against our common country,” said Pelosi. “He must go. He is a clear and present danger to the nation that we all love.”

Many argue that impeaching the president at this moment is a big mistake, given that he is set to leave power within a week and it would be unconstitutional to impeach a private citizen. In addition, political analysts say that Congress is wasting time trying to remove a president who will no longer be president by the time he is removed.

Advertisement
Current volatility is making great stock trading opportunities - don't miss out!

Trump is now set to face a trial in the Senate, where he is unlikely to be convicted, which would require all 48 Democratic Senators and 19 Republican Senators to vote in favor. The Senate will not even re-convene until next Tuesday, one day before Trump officially leaves the White House.

Now eyes are on President-elect Joe Biden, who has asked Congress to put the impeachment aside so that they can spend their time helping him with his legislative agenda.

Yesterday, the stock markets closed in mixed territory. The S&P 500 fell by 0.23%, hitting the 3,809.84 level at the end of the session, followed by the NASDAQ 100, which gained 0.63 % during the session and closed at the 12,973.63 level. The NYSE Composite dropped by 0.18%, closing at the 14,983.61 level, followed by the Dow Jones Industrial Average, which fell by 0.03% and closed the session at the 31,060.47 level.

Ibeth Rivero

Ibeth contributes daily market commentary in both English and Spanish (both of which she speaks fluently) and she also manages the DailyForex mobile app to ensure that traders around the world are getting important market updates in real time.

Did you like what you read? Let us know what you think!

exclamation mark

Please make sure your comments are appropriate and that they do not promote services or products, political parties, campaign material or ballot propositions. Comments that contain abusive, vulgar, offensive, threatening or harassing language, or personal attacks of any kind will be deleted. Comments including inappropriate will also be removed.

0 User comments

exclamation mark

Please make sure your comments are appropriate and that they do not promote services or products, political parties, campaign material or ballot propositions. Comments that contain abusive, vulgar, offensive, threatening or harassing language, or personal attacks of any kind will be deleted. Comments including inappropriate will also be removed.

Read more
Add new comment
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.