Catch up on the developing stories making headlines.NEW YORK -- Stocks are slumping sharply in midday trading on Wall Street Monday and deepening last week’s losses, as a troubling climb inThe S&P 500 was 2.1% lower and on track for its worst day in more than a month. The Dow Jones Industrial Average was down 717 points, or 2.5%, at 27,618, as of 11:18 a.m. Eastern time, and the Nasdaq composite was down 1.7%.
Hopes are fading, meanwhile, that Washington will be able to deliver 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.
But momentum has slowed recently after a prior round of supplemental unemployment benefits and other stimulus that Congress approved earlier this year expired. Amazon inched up 0.1% for what was actually one of the biggest gains in the S&P 500, while Apple lost an early gain to fall 0.6%. Expectations are high for them, and analysts say they'll report strong results for their latest quarter this week. They and other Big Tech stocks have soared through the pandemic on hopes their growth will only continue as work-from-home and other trends that benefit them accelerate.
But we're rounding the corner!
Trumps market that he brags about is now up a whopping 3.7% since he spiked the market with his 40% corporate tax cut in January 2018. He bought the market, and has gained a pathetic 1.2% a year!
oh, and the priced in stimulus ain't coming.
Meanwhile VP the head of the task force campaigns like nothing to see here folks!!!! 🙄
WhiteHouse...
Oh boy! We are in such deep dookey!
🎃🎃🎃contactless
Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Top Wall Street analysts say buy stocks like Netflix and Alphabet amid renewed market volatilityTipRanks analyst ranking service pinpoints Wall Street's best-performing stocks, like Netflix and Alphabet. Both Netflix and Alphabet are FAILING companies. By getting more people into their HIDDEN PONZI scheme is the ONLY way for the top investors in these companies to take their money and run from these stocks AFTER RECOVERING their capital With Netflix if there is no production of new content due to Corona. Then it's dated content will lead to a decline in subscriber's. Did the wallstreet analyst suggest that if buying stock during this pandemic is a good idea than they should have told realDonaldTrump & congress that passing a universal basic income would be the best decision for Americans so they did not have to choose between rent & shares
Herkunft: CNBC - 🏆 12. / 72 Weiterlesen »
Carbon Pledge Lifts Wind and Solar Stocks in ChinaChinese renewable-energy stocks have soared recently as investors believe the country’s drive to become carbon neutral will fuel heavy investment in wind farms and solar parks. they are dropping now. You people are so embarrassing you refuse to report a REAL NEWS STORY ABOUT biden son.... But everything about our President is fair game..... You are paying with your LOW ratings..... SAD AND UNACCEPTABLE... BUT NORMAL FOR THE FRAUD NETWORK.. And you know obama got a piece!!! No second virus wave on Cina? How it’s possible?
Herkunft: WSJ - 🏆 98. / 63 Weiterlesen »
These dividend stocks can help balance your portfolio, Jefferies saysJefferies strategist Steven DeSanctis identified some small and mid-cap utilities companies with healthy dividends and high ESG scores. Pro
Herkunft: CNBC - 🏆 12. / 72 Weiterlesen »
Alternative energy stocks are on a tear and there's more upside ahead, says JPMorganNew for subscribers: Alternative energy stocks are on a tear and there's more upside ahead, says JPMorgan Check out CNBCPro today. Pro I buy that and Biden wants to sell another two trillion dollar plan to push for clean energy by mid 2030s Pro Why can’t the solar farms share space already sprawling, like parking lots and rooftops? Why take wild land? Jfc Pro Is JPMorgan shorting those stocks? Just asking
Herkunft: CNBC - 🏆 12. / 72 Weiterlesen »
Top Consumer Stocks For OctoberOne of the best ways investors can invest in the recovery, without focusing on volatile tech, is through investing in companies that offer consumer goods and services. Our AI has identified some of these standout stocks by picking out 10 high-quality consumer stocks rated Top Buy this month.
Herkunft: Forbes - 🏆 394. / 53 Weiterlesen »