Stocks Struggle To Recover After Massive Sell-Off, Setting Market Up For Second-Worst Week During Pandemic

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Five days before the election, GDP and jobs data both showed improvement, but none of the major indexes were up more than 1% on Thursday following three days of big losses.

An onslaught of new largely positive earnings and economic data failed to push the major indexes up after three straight days of losses–including the worst day for stocks since early June, setting the market up for its worst week since the pandemic started ravaging the U.S. economy in March.... [+]Shortly after the open, the Dow Jones Industrial Average was down less than 0.1%while the S&P 500 was up 0.

The Dow's now down more than 1,800 points this week–marking the index's worst weekly loss since the pandemic first tanked U.S. markets, when the Dow crashed more than 3,700 points in the week ending March 11. the U.S. economy grew at a staggering 33.1% annualized rate in the third-quarter–a largely misleading figure that actually represents an expected partial rebound from the second quarter's dismal results.

Tepid stock market results came in spite of a slew of stronger-than-expected earnings results before market open; Comcast, Tapestry and mattress-maker Tempur Sealy were all among firms posting beats early Thursday. Markets around the world were also slightly bearish on Thursday morning: The United Kingdom's FTSE 100 was down 0.1%, while France's CAC 40 was down 0.6%, and Japan's Nikkei 225 ended the day down 0.4%."While stock volatility is never a comfortable experience, the recent declines should be expected given the upcoming election, increased COVID cases, and stimulus uncertainty.

 

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New Leaked Audio Proves Joe Biden is lying about corruption scandal

Wall Street Worries: The rub is JoeBiden is not the Democrat Candidate. Wall Street cannot depend on good old quid pro quo. Behind the curtain is massive Social program overhead. There may not be any money left over for the back room. tt:ckchumley SaraCarterDC lizpeek

What happened to the government Corporate Bond Buying Program that’s been propping the stock market up?

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Oil falls on oversupply fears after build in U.S. crude stocksOil prices slid more than 1 percent on Wednesday, paring the previous day's gains, as a jump in U.S. crude inventories and surging COVID-19 cases raised fears of an oversupply of oil and weak fuel demand. Remember when covid first started and oil was in the negatives so trump was paid to take it off their hands oil is finite, give everyone a tesla or the like and lets start over, infrastructure, the sun will not go red giant for another 5 billion years and its free, no microplastics or whale killing spills HOLY BITCOIN, BATMAN!!! No stopping her now! A week after the PayPal/Venmo adoption, JP Morgan is on board and Microstrategy announced $100 million profit in two month investment!!! Industrial and commercial industry FOMO is going to drive the price to the mooooooon!!!! 🚀
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