Stock market forecast: S&P 500 to shed around 10% with no stimulus - Business Insider

could shed around another 10% and flirt with the 3,000 mark if US lawmakers fail to agree upon more fiscal stimulus, Anthony Denier, CEO of trading platform Webull said.

The S&P 500 has recovered from its first monthly drop in six months in September. It opened lower on Friday after US president Donald Trump and his wife both announced they tested positive for COVID-19, but still the index is up around 2% on a weekly basis. The vote came after a conversation on Thursday between House Speaker Nancy Pelosi and Treasury Secretary Mnuchin, in which they agreed to continue talks. Earlier this week both agreed that the next fiscal plan should include federal checks. Market watchers have largely priced in a scenario where lawmakers will only agree on a deal after the election, but Denier thinks there is still a chance of both parties clinching an agreement before Election Day.

But Edward Moya, senior market analyst at OANDA, sees "limited downside" for the S&P 500 even if stimulus talks, and thinks the index will shed a "few percentage points at most."

Gopikumarponnam

WeekendInvestng Don’t worry. Market will climb the wall of worry.

Nice

Same thing has been repeated over the L4 months it's all talk until there's action

Put up pro-people legislation. Extend a lifeline to citizens. They, in turn, will sustain the economy.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

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

TikTok employees describe life inside the company as its future hangs in the balance - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. 'On Sunday, September 27, the US courts issued an injunction preventing the implementation of the Executive Order'
Source: BusinessInsider - 🏆 729. / 51 Read more »

Tesla Stock, Bed Bath, Boeing, PepsiCo: What to Watch When the Market Opens TodayStocks are poised to start the fourth quarter on an upbeat note, with S&P 500 futures pointing to gains after the market open 🤞Don't put the OUIJA BOARD away just yet Oh great People are sleeping their lives away because of this hoax. Stimulus will do that
Source: WSJ - 🏆 98. / 63 Read more »

Stock market news today: Dow, S&P fall on Trump's COVID-19 test, tech slump - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Ok
Source: BusinessInsider - 🏆 729. / 51 Read more »

S&P 500 staring down a key technical level, Fundstrat's Tom Lee says - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »