News Formal

S&P 500, Dow slip on worries about earnings, US stimulus outlook

  • 📰 The Straits Times
  • ⏱ Reading Time:
  • 41 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 63%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

Investor sentiment sagged after the White House said a deal on Covid-19 relief will unlikely come before the Nov 3 election.. Read more at straitstimes.com.

NEW YORK - Stocks on Wall Street closed little changed on Tuesday , with the Dow and S&P 500 slipping on disappointing earnings and little hope for a US coronavirus stimulus before Election Day, though the Nasdaq rose ahead of big technology company results.

Microsoft beat Wall Street estimates for quarterly revenue which rose 12% to $37.2 billion, as the software giant benefited more from a global shift to work and learning from home. On Monday, the three major US stock indexes posted their biggest declines in about four weeks on a record number of new coronavirus cases in the United States and some European countries, and as the elusive stimulus rattled investors.

Democratic challenger Joe Biden leads President Donald Trump in nationwide polls but the race is much tighter in battleground states which should determine the outcome. Concerns over a rise in U.S. coronavirus cases are weighing on the market but the technology sector seems to be the least exposed, said Rick Meckler, a partner at Cherry Lane Investments in New Vernon, New Jersey.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in AU
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

S&P 500, Dow slip on worries about earnings, US stimulus outlookStocks on Wall Street closed little changed on Tuesday, with the Dow and S&P 500 slipping on disappointing earnings and little hope for a U.S.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

S&P 500, Dow slip on earnings worries, stimulus uncertaintyREUTERS: The S&P 500 and Dow fell on Tuesday, dragged down by a string of earnings disappointments and doubts about a coronavirus stimulus package ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

US: S&P 500, Nasdaq rise as earnings take centre stage[NEW YORK] The S&P 500 and the Nasdaq opened slightly higher on Tuesday following the benchmark index's worst day in a month as investors parsed through corporate earnings, while bracing for volatility in the run up to the presidential election. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

S&P 500 flat after Monday's selloff as focus turns to corporate earningsU.S. stock index futures edged higher on Tuesday following the benchmark S&P 500's worst day in a month as investors parsed through a deluge of ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

S&P 500, Dow slip on worries about earnings, US stimulus outlookStocks on Wall Street closed little changed on Tuesday, with the Dow and S&P 500 slipping on disappointing earnings and little hope for a U.S.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

S&P 500, Dow slip on earnings worries, stimulus uncertaintyREUTERS: The S&P 500 and Dow fell on Tuesday, dragged down by a string of earnings disappointments and doubts about a coronavirus stimulus package ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »