Stocks fall on Wall Street as hopes fade for new coronavirus virus stimulus aid

The S&P 500 fell 56.89 points to 3,426.92. The Dow Jones Industrial Average of big blue chips dropped 410.89 points, or 1.4%, to 28,195.42. The Nasdaq composite extended its losing streak to a fifth day, losing 192.67 points, or 1.7%, to 11,478.88.

Stocks have been mostly pushing higher this month after giving back some of their big gains this year in a sudden September swoon. The benchmark S&P 500 has notched a gain in each of the past three weeks. Even so, trading often has been choppy from one day to the next, reflecting uncertainty over the timing of more stimulus for the economy, something investors have been hoping for since July, when a supplemental $600-a-week unemployment benefit package ran out.

Pelosi and Treasury Secretary Steven Mnuchin spoke Monday and are due to resume talks Tuesday, Pelosi spokesman Drew Hammill tweeted after the end of regular trading. Across the S&P 500, analysts are expecting companies to report another drop in profits for the summer from year-ago levels. But they’re forecasting the decline to moderate from the nearly 32% plunge from the spring as the economy has shown signs of improvement.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Wall Street debates whether the sports betting market will be big enough to support the stocksNew for subscribers: Wall Street debates whether the sports betting market will be big enough to support the stocks Check out CNBCPro today. Pro WHY do LITTLE CHINESE GIRLS......RUN in TERROR when they see HUNTER? Pro I am trying to help my kids, everyone and the economy at the same time. As a researcher I have a deep passion for education, even though I have dyslexia and didn't do good in school myself🤦‍♂️ 🤔Education and upskill retaining, should be the 1 priority for our economic recovery. Pro Micro-credentials are being used everywhere now, they are the tools that companies are going to, so people looking for work or employees wanting to advance, can properly present their skills to employers.
Source: CNBC - 🏆 12. / 72 Read more »

Cinema Stocks Rise as Wall Street Reacts to New York Reopening PlanMovie theater stocks rose in Monday pre-market trading as Wall Street weighed in on the weekend news that New York cinemas outside of New York City will be allowed to reopen at limited capacity. 'This represents a more meaningful move toward reopening.' It’s too late. cuomokilledthemoviestar. Even the School of Visual Arts Theatre in Manhattan?
Source: THR - 🏆 411. / 53 Read more »

Wall Street’s top analysts are betting on stocks like Apple and Snap this earnings seasonTipRanks analyst ranking service pinpoints Wall Street's best-performing stocks, like Snap and Apple Been on that $SNAP game, the boomers are clueless wow No problem without a solution. Great spiritual seer, for your health problems, finances, loves, children, sports, sexual weaknesses, lawsuits, return of the loved one, peace in the home, spell ... ect, contact to be answered. Whatsapp: +33755410995
Source: CNBC - 🏆 12. / 72 Read more »

These stocks are set to benefit from the 'smart cities' of the future, says BarclaysA massive smart infrastructure boom could be about to kick off as cities face growing pressure to become more resilient in the wake of Covid-19. Pro good
Source: CNBC - 🏆 12. / 72 Read more »