implied an opening decline Thursday after the 30-stock average surged 454 points, or 1.6%, to its first close above 29,000 since Feb. 20 and to about 1.5% away from its Feb. 12 record high. The S&P 500 and Nasdaq also rallied Wednesday and closed at new record highs. The Dow, S&P 500 and Nasdaq were tracking for solid gains for the week. September is picking up where the best August on Wall Street since the 1980s left off.
Today's earnings calendar is light. Campbell Soup reports before the bell while Broadcom and DocuSign are scheduled to release their numbers after the close.as the federal government spends massively to help the economy weather the coronavirus pandemic. The deficit growth means that next year, the federal debt will be larger than U.S. gross domestic product, a milestone the nation also hit in the aftermath of World War II.
PLAIN & SIMPLE, WALL STREET HAS BEEN HELPED, MAIN STREET NEEDS HELP: A STRONG HEATHY STIMULUS PACKAGE WITH RESTORED AND RETROSPECTIVE ASSISTANCE & STATE ASSISTANCE! OTHERWISE ECONOMY WILL DESTROY IT ALL!
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