A man walks past an electronic stock board showing Japan's Nikkei 225 index at a securities firm in the rain in Tokyo Friday, Oct. 9, 2020. Asian stock markets followed Wall Street higher on Friday on hopes Washington will provide more aid to the struggling U.S. economy.
The Dow Jones Industrial Average was up 112 points, or 0.4%, at 28,538, as of 9:45 a.m. Eastern time, and the Nasdaq composite was 0.7% higher.Much of this week’s focus has been on Washington, where President Donald Trump sent markets on a sudden skid Tuesday after he halted negotiations on a support package for the economy until after the election.
After trading ended on Wall Street Thursday, Pelosi spokesman Drew Hammill said she spoke with Treasury Secretary Steven Mnuchin, and the conversation focused on “whether there is any prospect of an imminent agreement on a comprehensive bill.”This week’s rollercoaster — where the S&P 500 swung at least 1.4% for three straight days— is just the latest bout of volatility for a market that has been notably rocky for weeks.
Stocks, like the American people, are hinging on the passage of another round of aid legislation.
Meaningless to most people
This was a bit premature. Market going down again. We're lucky it goes up when closed in the US or it would be really ugly
Feeding frenzy
McConnell is stating in KY there will be no stimulus bill in the next three weeks. Pretty sure there will not be be one until trump is out.
Look again
Suckers. Mitch isn’t going to do anything until he gets his pick though.
And the rich get richer....
The investors who are buying stocks now are fools. This is what always happens when Trump walks away from a deal, he says 'talks are ongoing' after the Stock Market tanks. The House passed their bill back in May and still no deal. You think this is gonna be any different?
Of course they are. It’s a running theme these days to promise stimulus talks an hour or two before the opening bell. This shit is a joke.
nice
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Source: CNBC - 🏆 12. / 72 Read more »