Stocks Fail To Nab Gains, Dow Flat, As Fed Governor Says Targeted Stimulus 'Needed' For 'Inclusive' Economic Recovery

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The 3 major stock market indexes were virtually flat this morning after failing to add back Monday losses on Tuesday, as dragging stimulus negotiations in Washington tank investor sentiment just 13 days before the November election

The three major stock market indexes were virtually flat Wednesday morning after failing to add back Monday losses on Tuesday, as dragging stimulus negotiations in Washington tank investor sentiment just 13 days before the November election.© 2016 Bloomberg Finance LPDespite big earnings beats since Tuesday's market close, the Dow Jones Industrial Average and S&P 500 were both down about .2% at market open on Wednesday, while the tech-heavy Nasdaq edged up just .2%.

Shares of Dow component Verizon were up less than 1% after an earnings beat before the market open, while shares of car-seller AutoNation, which also reported earnings pre-market open, surged 7%. , adding more than 20% at open, after a blowout earnings release showing double-digit percentage growth in users and revealing both earnings and revenues that far surpassed Wall Street expectations. subscriber growth slowedGlobal markets were a little rockier on Wednesday: At U.S.

. “Further targeted fiscal support will be needed alongside accommodative monetary policy to turn this K-shaped recovery into a broad-based and inclusive recovery.

 

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