A man wearing a face mask stands near a screen showing the Korea Composite Stock Price Index at the Korea Exchange in Seoul, South Korea, Thursday, Oct. 8, 2020. Asian shares were mostly higher Thursday on optimism that U.S. stimulus may be coming, as President Donald Trump appeared to reverse his earlier decision to halt talks on another economic rescue effort.
Other U.S. and global stock indexes were also higher, but the last few weeks of trading have shown repeatedly that early gains for the market don’t always last. Stocks have been particularly rocky since early September, swerving on worries about everything from too-expensive prices to the still-raging pandemic, but the index has been generally climbing the last two weeks.The Dow Jones Industrial Average was up 111 points or 0.4%, at 28,415 as of 9:45 a.m. Eastern time.
That’s caused the market to swoop up and down this week in particular. On Tuesday, Trump said that he told his representatives to halt negotiations until after the election because he said House Speaker Nancy Pelosi was negotiating in bad faith. That caused stocks to suddenly swing from a 0.7% gain to a 1.4% drop.
On Thursday, Trump said in an interview with Fox Business News that he shut down talks “because they weren’t working out. Now, they are starting to work out.”“The on-and-off nature of the fiscal stimulus discussion in the U.S. hardly inspires lasting confidence,” Riki Ogawa of Mizuho Bank said in a report, noting such uncertainty will continue through the presidential election campaign, and perhaps even after the vote.
kuku27 It is see-saw situation. Fickle mind or by design, it is harming whole system
Exactly what I predicted. Trump says something outrageous, the market goes down. His rich friends buy like crazy. He back tracks and the next day the market soars. Buy low, sell high. He manipulated the market, as he has been doing since he became president.
I don’t believe 210,000 have died from covid. I know of 3 people that have died from cancer & heart attack. When the family got the death certificates their death was listed as covid. So how many other deaths like this have been listed as covid?
“Stocks Open Higher as Greedy Ghouls Hope for Another Government Handout.” There, fixed it for you.
Donald Trump's Twitter Followers select the 'Biggest Liar on Cable News'. See Results:
Let's not forget we are moving into the holiday season. Typically hiring is high. How bad will it get in January?
Layoffs are slowing? Could it possibly be because the number of people still employed has dropped so the lay off number had dropped.
Gross.... you could have just headline that high roller gamblers eye the government to keep their game going with a large amount of taxpayers money and to keep the game fixed to keep out the general public. Cause It’s pretty much the same.
Wall Street is not the economy!!!!
Trump's waffling back and forth on stimulus must mean that he's manipulating the stock market again. I hope the right people are watching....
When the stock market has lost touch with reality and only serves the elite.
The tweet above and below this in my feed are about more massive layoffs. VoteTrumpOut
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Source: CNBC - 🏆 12. / 72 Read more »