Monday, 12 Oct 2020 10:55 PM MYTNEW YORK, Oct 12 — The tech-heavy Nasdaq was set to lead Wall Street’s main indexes higher today as optimism about a deal in Washington over more fiscal stimulus lifted sentiment ahead of the start of quarterly corporate earnings.
“ Trump is falling behind in opinion polls and seems desperate for a deal, so either some agreement will be hammered out soon or the Democrats could win a decisive victory at the ballot box and ultimately deliver an even greater stimulus package,” said Marios Hadjikyriacos, investment analyst at online broker XM in Cyprus.
With the Oct. 15 presidential debate officially canceled, Trump plans to travel to key battleground states this week as his doctor declared he was no longer a transmission risk for the novel coronavirus. The bank’s management is not expected to move the goalposts on Wednesday, but may change targets in January, a year after they were set, sources said.
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