Why Intercontinental Exchange, Nasdaq, and CME Group Stocks All Declined Monday
Coronavirus is ravaging the nation, but in Washington, D.C., legislators seemed busier bickering over the precise contents of a proposed $1.3 trillion relief package than delivering on promises to immediately begin sending out billions of dollars worth of cash to workers suffering from layoffs and reduced work hours or otherwise prevented from earning a living.
On Sunday, a Republican-sponsored bill that would have begun mailing out the checks -- and also included hundreds of billions of dollars to support damaged industries -- was defeated in a Senate vote. Throughout the day, efforts to reach a compromise failed to bear fruit, and by the end of the day, no relief package had been passed.
As matters continued unsettled, Monday was a rocky day in the markets, and with stock markets being volatile, it appears investors wanted to sell shares of the exchange companies.
Source Fool.com
