"It's all about uncertainty," says Brad McMillan, chief investment officer at Commonwealth Financial Network, adding that Trump's fight with the potentially deadly disease stoked fears that an election that already faces possible delays could be drawn out further."As that fear starts to fade, buyers are coming back in."
Late last week, Pelosi said she asked airlines to hold off on more than 30,000 furloughs while negotiations continued. Doctors described Trump's health as improved over the weekend, and the president waved to supporters from the back seat of an SUV outside Walter Reed medical center. Still, his condition remains clouded in uncertainty.
Stocks got an immediate lift Friday afternoon after Pelosi told airline executives to stop the furloughs of tens of thousands of workers because aid for the industry was “imminent,” either as a stand-alone effort or as part of a wider rescue package. A stand-alone bill for airlines failed to advance in the House on Friday, but hopes remain for a larger effort.
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