Investors may be happy to see the back of September, which is stacking up as the worst month since March for the S&P 500 SPX, +1.44%. That is as the five biggest technology-related stocks — Facebook FB, +0.47%, Apple AAPL, +0.92%, Amazon.com AMZN, +1.14%, Netflix NFLX, -0.88% and Alphabet’s Google GOOGL, +1.01% — are together, poised, for the weakest monthly stretch on record.
The prevailing investor wisdom has gone something like this: stock markets fear a win by Democratic candidate Joe Biden because he’ll hike corporate taxes to pay for more fiscal spending. But a win by President Donald Trump — should he take both the House of Representatives and Senate — means a rally for equities, due to potential tax cuts.
That is because, even in a sweep, Democrats would at best win a slight majority in Congress, so it is reasonable to expect higher spending won’t completely be offset by higher taxes. Harr says it is doubtful that Trump will manage a clean sweep, even if he wins. Devon Energy DVN and WPX WPX shares are climbing after the energy companies announced a merger of equals in an all-stock deal valued at $12 billion.
Marketwatch has become the CNN of the financial press....just a rag these days.
...very small-minded... NO thoughts about what CCP Expansionism and/or Islamism may do.....
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