In European stock markets, Germany’s DAX lost 4.2%, and France’s CAC 40 dropped 3.4%. The FTSE 100 in London fell 2.6%.in much of the United States, and the number of deaths and hospitalizations due to COVID-19 are on the rise. Even if the most restrictive lockdowns don’t return, investors worry that the worsening pandemic could scare away customers of businesses regardless and sap away their profits.
Instead, investors headed into the safety of U.S. government bonds. The yield on the 10-year Treasury note fell to 0.78% from 0.79% late Tuesday. It was as high as 0.87% last week.A measure of fear in the stock market touched its highest level since June, when the market suddenly tumbled amid concerns that a “second wave” of coronavirus infections had arrived. The VIX measures how much volatility investors expect from the S&P 500, and it climbed 18.3% Wednesday.
UPS fell 7% after also reporting better-than-expected earnings, though it said the outlook for its business is too cloudy due to the pandemic to offer any forecasts for its revenue or profits in the current quarter.Among the few winners was General Electric, which jumped 8% after reporting stronger profit and revenue for the latest quarter than expected. Automatic Data Processing rose 7.4% after its profit report also topped expectations.
Economists say the economy likely needs such aid after the expiration of the last round of supplemental unemployment benefits and other stimulus approved by Washington earlier this year.“The market never likes uncertainty,” said Stephanie Roth, portfolio macro analyst at J.P. Morgan Private Bank. “People are just taking profits ahead of the election, to some extent.”
Elect a shell of a politician who wants to raise taxes on everyone and this is what you get. And if you think it won’t be everyone, you’re dreaming. Idiots.
But we’ve turned the corner, President Business said so.
This will continue even when Trump loses. Then the Democrats are going to spin the trend.
Thanks realDonaldTrump larry_kudlow 🖕
Marketwatch - But even if a so-called “blue wave” occurs, with Democrats sweeping the White House and taking control of the Senate, it could lead to market uncertainty if promised new legislation, including a rise in corporate taxes, eventuates.
Our so-called president is 100% responsible as these drops are entirely due to wishing Americans dead from coronavirus infections. Vote him out so we can all get on with our lives.
Good work Trumpy make America sick have your damn rallies let the people die
Trump 2020: Admit it; you're morbidly curious how much worse it can get.
SÉRIE O ARREBATAMENTO DA IGREJA - OS PROFETAS ANTIGOS DO SENHOR GrandMidweekExpo
Yes, they r sliding because they r scratching their heads that the American press is acting like China,Russia, Iran in surpressing the story from Hunter Biden himself in texts& emails that sleep y joe was in on his money schemes in foreign lands!
BREAKING WallStreet and the Democrats are doing everything in their power, to interfere in this election. Stocks dive nearly 2,000 over the last few days,, and China virus cases so-called up. Trump is going to win hands down.
SÉRIE O ARREBATAMENTO DA IGREJA - OS PROFETAS ANTIGOS DO SENHOR GrandMidweekExpo
Yes , seeing the media act like the do in China ,Russia ,Iran, etc surpressing quite clear evidence from Hunter Biden himself that his daddy was in on his money schemes across the spectrum in foreign lands is quite a distressing circumstance!
Corona virus just punctured Trump's stock market bubble.
Wait until after elections , they will drop in thousands if results will be disputed.
Elect a bankrupt businessman, you get a bankrupt economy. Carry on//
Psst. Boeing laying off 7,000 in Washington State.
realDonaldTrump is this what you consider winning. TrumpMeltdown
It was because of Philadelphia riots and looting by Democrats.
Since trump uses the stock market as a way of gauging the health of the economy, he must be inconsolable. He trashed the great economy left to him by President Obama, lost jobs & completely mismanaged the single greatest crisis facing America since WWII. What’s next? Indictment.
Scared biden will win.
Liberals destroying America with fear...
This drop in the S&P 500 is brought to you by Donald J Trump and his lack of a pandemic response. trumpdemic VOTE
So much WINNING right POTUS ? TrumpFailsAmerica TrumpRecession TrumpHasNoPlan
People who don’t watch the news don’t even know COVID is still a thing. Mainstream media is the enemy of the people. You are terrorist.
Failure and disaster as far as the eye can see.
People are worried if Biden gets elected.
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