Trump Faces Second Impeachment, Stocks Sink

Ibeth Rivero

Democrats move forward with another impeachment attempt; US stock markets close mainly in negative territory.

TrumpThe House of Representatives will be voting on Wednesday on a single Article of Impeachment to once again impeach President Trump, who will by that time have one week left in office.

Speaker of the House Nancy Pelosi may garner enough votes for the impeachment in the Democrat-controlled House. If approved, it would move to the Senate, where Democrats would need to get the support of at least 17 Republican Senators.

Trump has not appeared in public since last week, though the media has reported that he has met with Vice President Mike Pence.

"They reiterated that those who broke the law and stormed the Capitol last week do not represent the America First movement backed by 75 million Americans, and pledged to continue the work on behalf of the country for the remainder of their term," said a senior administration official about this meeting.

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The relationship between both politicians deteriorated after the events at the Capitol. Prior to the riots, Trump had called on Pence to overturn the results of the presidential elections, though some constitutional legal analysts say that the vice president had no such power.

US stock markets closed mainly in negative territory. The Dow Jones Industrial Average fell by 0.29% during the session, closing at the 31,008.69 level, followed by the S&P 500, which fell by 0.66%, closing the session at the 3,799.61 level. Similarly, the NASDAQ 100 fell by 1.55% during the session and closed at the 12,902.49 level, while the NYSE Composite fell by 0.19% and closed the session at the 14,937.96 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.

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