Connect with us

Economy

Market Volatility To Continue Amid Trump Health Concerns, Election Jitters By Investing.com

Published

on



By Jesse Cohen

Investing.com – Stocks on Wall Street ended lower in another volatile session on Friday, after U.S. President Donald Trump’s positive test for COVID-19 spooked investors and added to mounting uncertainties surrounding the looming election.

The closed 134 points, or about 0.5%, lower at 27,682, after falling by as much as 430 points earlier in the session.

The declined around 1% to 3,248 after dropping 1.7% at its session low. The sank 2.2% to end at 11,075.

Despite Friday’s losses, both the Dow and S&P 500 notched their first weekly gains in five weeks, respectively. The Dow climbed 1.9% on the week while the S&P 500 advanced 1.5% over the same timeframe.

The Nasdaq Composite meanwhile enjoyed its second straight weekly gain, rising 1.5%.

U.S. stocks could face more volatility next week as investors focus on how might impact the November 3 election.

Democratic presidential candidate Joe Biden maintained his lead in the polls following the first debate earlier this week, however the schedule for further debates is now in question.

Uncertainty related to the election, including the possibility of a delay in announcing a winner, has weighed on market sentiment in recent weeks, with the S&P 500 currently down by almost 7% from its record high last month.

To see more of Investing.com’s weekly comics, visit: http://www.investing.com/analysis/comics

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





Source link

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Economy

Bank of Canada survey finds business sentiment improves but remains negative By Reuters

Published

on

By


© Reuters. FILE PHOTO: Restaurants, gyms and cinemas re-open under Phase 3 rules from COVID-19 restrictions in Toronto

OTTAWA, Oct 19 (Reuters) – Business sentiment in Canada has improved as COVID-19 restrictions have eased, though it remains “negative” with one-third of firms saying they do not expect sales to return to pre-pandemic levels within the next 12 months, a Bank of Canada survey showed on Monday.

The Bank of Canada’s business outlook indicator improved slightly from the second quarter, but remained well below its historical average, signaling weak business sentiment.

“After many containment measures were lifted and business activity resumed over the summer months, firms now expect sales to increase from low levels,” the Bank said.

However, “firms reported that their sales prospects are limited by weak demand and precautionary health guidelines, and that their investment and hiring plans remain modest due to elevated uncertainty.”

The survey of 100 firms took place between August 24 and September 16, when COVID-19 cases were still lower in Canada. A second wave of new infections has led to targeted restrictions in certain hot spots.

(

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





Source link

Continue Reading

Economy

U.S. screened over one million airline passengers Sunday for first time since March By Reuters

Published

on

By


© Reuters. Workers in protective gear walk on the tarmac at Oakland International Airport as authorities continue debarkation from the ship after 21 people on board have tested positive for the COVID-19 coronavirus in Oakland

By David Shepardson

WASHINGTON (Reuters) – The U.S. Transportation Security Administration (TSA) said it screened more than 1 million airline passengers on Sunday for the first time since mid-March.

The number, 1.03 million, is still about 60% lower than the same day last year, but is a dramatic rise from the collapse in air travel demand caused by the coronavirus pandemic. Screening fell to as little as 87,000 in a single day in April.

The previous high was 1.26 million screened on March 16.

U.S. airlines are collectively burning more than $5 billion in cash a month and have failed to date to convince Congress to approve a new $25 billion bailout that would have kept more than 32,000 workers on the payroll for another six months.

American Airlines (NASDAQ:) furloughed 19,000 workers, while United Airlines furloughed 13,000 workers.

Staff for the top Democrats and Republicans on the House and Senate committees overseeing airlines have been working to try to reach agreement on a potential standalone airline bill, but the airlines are not optimistic any bill will be approved before the Nov. 3 presidential election.

A previous airline payroll support program expired on Sept. 30. At some point, airlines may shift messaging to seeking new government funds to bring workers back.

Airlines for America, a trade group representing American Airlines, United, Delta Air Lines (NYSE:) and others have said passenger volumes are down about 64%, including 62% domestically and 79% internationally.

U.S. airlines are operating 48% fewer flights than a year ago and still have nearly one-third of their fleet idled, the group added.

The TSA statement on Monday also said it is adopting new measures to make security screening safer, including installing credential authentication devices at some checkpoints enabling passengers to insert IDs directly into a card reader.

New CT scanners at some checkpoints also often allow officers to check items without having to open a carry-on bag.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





Source link

Continue Reading

Economy

More important for U.S. to get digital currency right than be first By Reuters

Published

on

By


© Reuters. FILE PHOTO: Senate’s Committee on Banking, Housing, and Urban Affairs hearing

(Reuters) – In any development of a cross-border digital currency, it is more important for the United States “to get it right than be first,” U.S. Federal Reserve Chair Jerome Powell said on Monday.

“We do think it’s more important to get it right than to be first and getting it right means that we not only look at the potential benefits of a CBDC, but also the potential risks, and also recognize the important trade offs that have to be thought through carefully,” Powell said in a panel discussion of digital payments hosted by the International Monetary Fund.

Powell said it is vital the Fed assess what impact a CBDC might have on a range of critical issues, including monetary policy, financial stability, cyber-security and preventing illicit activity.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





Source link

Continue Reading

Trending

Copyright © 2017 Zox News Theme.