Stocks have their worst day in a month as virus cases surge

FILE - In this Monday, Sept. 21, 2020, file photo, a Wall Street street sign is framed by a giant American flag hanging on the New York Stock Exchange in New York. Stocks are falling in early trading on Wall Street Monday, Oct. 26, 2020, and deepening last week’s losses.

Stocks also weakened across much of Europe and Asia. In another sign of caution, Treasury yields were pulling back after touching their highest level since June last week. Hopes are fading, meanwhile, that Washington will be able to provide more support for the economy anytime soon. House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin spoke several times last week on a potential deal to send cash to most Americans, restart supplemental benefits for laid-off workers and provide aid to schools, among other things.

“While we are seeing nations attempt to stifle the spread of the virus through more localised and tentative restrictions, it seems highly likely that we will eventually see a swathe of nationwide lockdowns if the trajectory cannot be reversed,” said Joshua Mahony, senior market analyst at IG in London.

Stocks of companies that need the virus to abate and the economy to return to normal were logging some of the sharpest losses in morning trading.Energy stocks dropped to the largest loss among the 11 sectors that make up the S&P 500, falling in concert with oil prices. Nearly 95% of the stocks in the index were lower.

This upcoming week is the busiest of this quarter's earnings season, with more than a third of the companies in the S&P 500 index scheduled to report. Besides Amazon and Apple, Ford Motor, General Electric and Google's parent company, Alphabet, are also on the docket.

Always happens right before the election

ThisWeekABC Our worthless GOP is to blame. Thankfully we can do something about them in a few short days!

A whole entire month? Oh, the horror......

Stocks are on sale again. Buy early tomorrow.

Open the damn country democrats

Oh really ? I didn’t know that

And if Trump is re-elected the country will go down the drain, total chaos.

It was more important for the republicans to ram through a SC justice to take away healthcare from millions and control what women can do with their bodies.

Thanks evil Pelosi 😡

What says individual one today.

Finally, Wall Street is catching up to the pain on the Main Street.

Gus_802

Everyone recognized it but Trump...

Thanks crazy Nancy

Meanwhile, realDonaldTrump calls the media “losers” for reporting on Covid related news. VOTE

📈📉📊

Business Business Latest News, Business Business Headlines

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

US stocks tumble toward worst day in a month amid virus woesDEVELOPING: Stocks are slumping sharply in midday trading, deepening last week’s losses, as a troubling climb in coronavirus counts threatens the global economy. 🎃🎃🎃contactless WhiteHouse...
Source: ABC - 🏆 471. / 51 Read more »

Cruise stocks drop as a surge in new COVID-19 cases sparks broad-market selloffThe stocks of cruise operators were hit hard Monday as a surge in new COVID-19 cases in the U.S. and abroad sparked fears that no-sail orders would be... تابعونى The carnival stock I bought in May looks to be a large mistake 😂 More lockdowns to come. Now is not a matter of stimulus its more to do with losses of economic activities
Source: MarketWatch - 🏆 3. / 97 Read more »

Japan stocks set tor mixed open as coronavirus cases in the West surge; oil prices dropInternational benchmark Brent crude futures fell 1.68% to $41.07 per barrel, as of 7:27 a.m. HK/SIN. U.S. crude futures also declined 1.73% to $39.16 per barrel.
Source: CNBC - 🏆 12. / 72 Read more »

Stocks tumble as Covid-19 cases surge and stimulus is nowhere to be foundWall Street is tumbling on Monday as coronavirus, Washington intransigence and earnings weigh on the market. eh I'm sure those investment companies will be just fine, they always bounce back. realDonaldTrump as no plans for anything he nysts shouts and complains America needs a real President and a strong Vice president so vote realDonaldTrump and VP out and VoteBidenHarrisToSaveAmerica So pandemic...spreading...stocks ...tumbling...businesses closing.... Can we please get a new President soon?
Source: cnnbrk - 🏆 393. / 55 Read more »

Stocks Tumble As Coronavirus Cases Spike Again In U.S. And EuropeStocks on Monday were heading for their worst day since early September — amid surging coronavirus cases in the U.S. and Europe, and declining optimism about another pandemic relief bill. Trumps America. Atleast for 8 more days Joe Biden's America! Biden leading in polls. His plan is to shut everything down and the market is merely reflecting that. SWBI and Vista are all up 120%+. It's not Covid. Or not just Covid rather.
Source: NPR - 🏆 96. / 63 Read more »

Stocks Slide on Coronavirus Uptick, Fading Stimulus HopesU.S. stocks dropped sharply as coronavirus cases surged in America and Europe, adding to worries about the economic outlook after Congress and the White House failed to agree on a fiscal stimulus deal. Joe Biden's America Jared and Ivanka: See you in China
Source: WSJ - 🏆 98. / 63 Read more »