16.1 C
Munich
Saturday, October 31, 2020

Comic: Stimulus Hopes Boost S&P 500, Nasdaq To Best Week In Months

Must read

Search For Survivors Continues in Turkey

Need help? Contact us We've detected unusual activity from your computer network To continue, please click the box below to let us know you're not a robot. Why did this happen? Please make sure your browser supports JavaScript and cookies and that you are not blocking them from loading. For more information you can review…

The Race for Texas’s Powerful Energy Regulator Is Heating Up

Need help? Contact us We've detected unusual activity from your computer network To continue, please click the box below to let us know you're not a robot. Why did this happen? Please make sure your browser supports JavaScript and cookies and that you are not blocking them from loading. For more information you can review…

Greece Tightens Curbs to Slow Spread of Covid-19 Infections

Need help? Contact us We've detected unusual activity from your computer network To continue, please click the box below to let us know you're not a robot. Why did this happen? Please make sure your browser supports JavaScript and cookies and that you are not blocking them from loading. For more information you can review…

Your Weekend Reading: How to Cope With Election-Related Stress

Need help? Contact us We've detected unusual activity from your computer network To continue, please click the box below to let us know you're not a robot. Why did this happen? Please make sure your browser supports JavaScript and cookies and that you are not blocking them from loading. For more information you can review…


Investing.com - Financial Markets Worldwide

No results matched your search

Economy19 hours ago (Oct 10, 2020 08:51AM ET)



By Jesse Cohen

Investing.com – Stocks on Wall Street ended higher on Friday, with the and Nasdaq wrapping up their best week since early July amid optimism that U.S. lawmakers will agree on a new Covid-19 aid package.

The closed 161 points higher, or around 0.6%, at 28,586, a level not seen since September 3.

The S&P 500 jumped nearly 0.9% to close at 3,477, its best level since September 4.

The rallied 1.4% to end at 11,579, its highest since September 3.

For the week, the Dow rose 3.3%, posting its best one-week performance since August. The S&P 500 and Nasdaq climbed 3.8% and 4.6%, respectively, for the week. Both benchmarks had their biggest weekly gains since early July.

On Friday afternoon, the Trump administration raised its offer for a new stimulus package to from $1.6 trillion, but it was still below the $2.2 trillion sought by Democrats.

President Trump later told radio talk show host Rush Limbaugh that he “would like to see a bigger stimulus package frankly than either the Democrats or Republicans are offering.”

Trump’s comments came after he abruptly ended aid talks with the Democrats earlier in the week.

U.S. stocks could face more volatility this week as investors focus on further clues on how stimulus negotiations are developing in Washington ahead of the looming November 3 election.

Markets will also be tested by the start of the third-quarter earnings season on Wall Street in the coming week.

JPMorgan (NYSE:) and Citigroup (NYSE:) report their results on Tuesday, followed by Bank of America (NYSE:), Goldman Sachs (NYSE:) and Wells Fargo (NYSE:) on Wednesday. Thursday will then see Morgan Stanley (NYSE:) report their earnings.

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

Related Articles

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.

Read More

- Advertisement -

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

Latest article

Search For Survivors Continues in Turkey

Need help? Contact us We've detected unusual activity from your computer network To continue, please click the box below to let us know you're not a robot. Why did this happen? Please make sure your browser supports JavaScript and cookies and that you are not blocking them from loading. For more information you can review…

The Race for Texas’s Powerful Energy Regulator Is Heating Up

Need help? Contact us We've detected unusual activity from your computer network To continue, please click the box below to let us know you're not a robot. Why did this happen? Please make sure your browser supports JavaScript and cookies and that you are not blocking them from loading. For more information you can review…

Greece Tightens Curbs to Slow Spread of Covid-19 Infections

Need help? Contact us We've detected unusual activity from your computer network To continue, please click the box below to let us know you're not a robot. Why did this happen? Please make sure your browser supports JavaScript and cookies and that you are not blocking them from loading. For more information you can review…

Your Weekend Reading: How to Cope With Election-Related Stress

Need help? Contact us We've detected unusual activity from your computer network To continue, please click the box below to let us know you're not a robot. Why did this happen? Please make sure your browser supports JavaScript and cookies and that you are not blocking them from loading. For more information you can review…

A College Football Town Tries to Survive a Ghost Season

Need help? Contact us We've detected unusual activity from your computer network To continue, please click the box below to let us know you're not a robot. Why did this happen? Please make sure your browser supports JavaScript and cookies and that you are not blocking them from loading. For more information you can review…