FILE PHOTO: The New York Stock Exchange is pictured in the Manhattan borough of New York City, New York, U.S., October 28, 2020. REUTERS/Carlo Allegri
Sentiment also got a boost from data showing the U.S. economy grew at a record pace in the third quarter after the government poured out more than $3 trillion of pandemic aid. A separate report showed weekly unemployment claims fell last week. “It’s positive data, but it’s a little bit backward looking because you have COVID-19 cases on the rise again which doesn’t really send a strong signal about the fourth quarter,” said Shawn Snyder, head of investment strategy at Citi Personal Wealth Management in New York.surged to a 15-week high this week due to lack of fiscal stimulus, while the White House coronavirus task force urged for aggressive measures to curb the pandemic.
Democratic challenger Joe Biden holds a comfortable lead over President Donald Trump in national polls, but the race in battleground states that will likely decide the election are tighter than the national surveys.
You don’t say? Never seen that coming 🤦🏻♂️
Might have a little to do with major European countries going into lockdown today to protect the lives of their citizens and providing support for businesses. In the short term, this will cost them. In the longer term this means they are likely to recover more quickly than US.
Futures are down.....1%
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Buy buy buy
Stimulus is more than enough
Yup and then Apple dropped 5% haha. Ouch.
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