Stock market gives up early gains as Wall Street momentum fizzles

Stocks surrendered early gains to turn mostly lower mid-morning Wednesday as investors tried to generate momentum one day after the S&P 500 and Nasdaq snapped a four-day losing streak.

What’s driving the market? Stocks began the week by extending a slide, taking the S&P 500 within a whisker of a correction—defined as a 10% pullback from a recent peak—during Monday’s session before ending off session lows. Skeptics argue that the recent turnaround was unconvincing, with few catalysts capable of justifying elevated values for stocks against a backdrop of tremendous uncertainties.

Volatility will be “on a steady upward march” for the next several months, said Peter Andersen, founder of Andersen Capital Management, in an interview. Investors are faced with a litany of unknowables over the coming months, he noted: the outcome of the November election and the likely protest against it, the timing and rollout of a vaccine, the tone of any civil unrest, and more.

Powell will be testifying again Wednesday, this time before the House Select Subcommittee on the Coronavirus Crisis, at 10 a.m. Eastern. Before that, Cleveland Federal Reserve Bank President Loretta Mester is scheduled to deliver a speech on the payments system in Chicago at 9 a.m.

Are you NEW to FOREX? Minimize your losses with my expert strategy with an investment capital of $300, i can guarantee $3,500 as profits after 5days of investment without sending money to anyone . Inbox me if interested.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Tesla, Peloton, Nike: What to Watch When the Stock Market OpensTesla shares dropped in premarket trading ahead of the much-anticipated Battery Day event. Here's what else you should watch when the market opens. $TSLA $PTON $AMZN $FB $SPX Nasdaq WSJ, Still waiting on Tesla to Break Ground on their NEW PLANT... what’s the delay? Everyone knows Tesla is over valued. But no one want to sell a stock they are married to.
La source: WSJ - 🏆 98. / 63 Lire la suite »

Nike stock rallies after big earnings beatNike Inc. shares surged in the extended session Tuesday after the athletic apparel company blew past Wall Street estimates for the quarter. Nike shares...
La source: MarketWatch - 🏆 3. / 97 Lire la suite »

Tesla Drops, Nike Surges: What to Watch When the Stock Market Opens TodayTesla's Battery Day failed to impress investors, who sent the stock tumbling in premarket trading. It's time Capitalism is overthrown, - violently and without mercy. Too bad Robert Conrad died. They needed him to dare investors to knock the Tesla battery off his shoulder. Keyou GmbH in Germany could help revive Nicola Motors with the hydrogen fueled trucks without using fuel cells.
La source: WSJ - 🏆 98. / 63 Lire la suite »

Asian stocks struggle to build on Wall Street gains, dollar risesAsia's stock markets struggled to emulate Wall Street's rebound on Wednesday as persistent worries about the global economic recovery kept investors cautious, while ebbing inflation expectations helped the U.S. dollar to a two-month high. Hail the digital RMB
La source: Reuters - 🏆 2. / 97 Lire la suite »

Here are 35 stocks in the market’s two hottest sectors that Wall Street lovesThese 35 stocks in the market's 2 hottest sectors are loved by Wall Street
La source: MarketWatch - 🏆 3. / 97 Lire la suite »