S&P 500, Nasdaq rise as earnings take centre stage
27 Octobre, 2020, 17:05 | Auteur: Auguste Feret
The S&P 500 and Nasdaq hit three week lows on Monday, as record number of new coronavirus infections in the United States and some European countries and a lack of agreement in Washington over the next USA fiscal stimulus raised worries about the economic recovery.
The benchmark Dow Jones Industrial Average ended the day at 27,685, down 650 points from last week's close. Another concern is that possible delays in sorting out the results of next week's elections could end up pushing a stimulus deal back indefinitely.
The S&P 500 was virtually unchanged in early trading after swinging between a loss of 0.1% and a gain of 0.2%.
"While we are seeing nations attempt to stifle the spread of the virus through more localized and tentative restrictions, it seems highly likely that we will eventually see a swathe of nationwide lockdowns if the trajectory can not be reversed", said Joshua Mahony, senior market analyst at IG in London.
USA stocks are drifting Tuesday, as momentum slows a day after Wall Street slumped to its worst loss in a month on worries about rising virus counts and Washington's inability to deliver more aid to the economy. Energy stocks also dropped in tandem with crude oil prices.
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Deep partisan difference remains on Capitol Hill, and time is running out for anything to happen before Election Day on November 3.
But momentum has slowed recently after a prior round of supplemental unemployment benefits and other stimulus that Congress approved earlier this year expired.
Cruise lines and airlines fell sharply. All told, about 92% of the stocks in the S&P 500 closed lower. Zoom Video Communications gained 1.2%. But 3M fell 2.3% despite also reporting stronger results than forecast. They and other Big Tech stocks have soared through the pandemic on hopes their growth will only continue as work-from-home and other trends that benefit them accelerate. Merck, Invesco and Laboratory Corp. of America were among the roughly two dozen companies in the S&P 500 on Tuesday morning that reported earnings for the summer above analysts' expectations. Besides Amazon and Apple, Ford Motor, General Electric and Google's parent company, Alphabet, are also on the docket.
Across the S&P 500, profit reports for the summer have been mostly better than Wall Street had feared, though they're still on pace to be more than 16% lower than year-ago levels.
Global shares were lower Monday amid widespread uncertainty over what the USA presidential election will portend for markets and economic policy. The yield on the 10-year Treasury fell to 0.79% from 0.81% late Monday.
En cause, l'épidémie de coronavirus qui a touché onze joueurs de l'effectif Sang et Or ainsi que deux membres du staff technique. Dans son édition du jour, le journal L'Equipe dévoilait que la tenue du match entre l'OM et le RC Lens était grandement menacée.
On 11 March 2011, a 9.0 magnitude quake struck off the north-eastern coast of Japan, triggering a 15-metre tsunami. Greenpeace argued that the government and TEPCO have the capacity to continuously store the contaminated water.
Different rules apply depending on which tier you live in, with some areas now not allowed to mix with another household indoors. The Local COVID Alert Levels - "medium", "high" and "very high" - are being implemented depending on local infection rates.
If the weather is warm enough, treats can also be handed out from the driveway or front lawn to allow for more space and distance. Indoors and outdoors, you are more likely to get or spread COVID-19 when you are in close contact with others for a long time.
While he needed stitches, "The Rock" made a decision to taste his own blood first and film an entertaining video for Instagram . He also claims that his blood tastes just like Teremana, his brand of tequila, which brings up another slew of questions.
Israel has been regularly criticized by global human rights organizations for its promiscuous use of administrative detention. An administrative detention order was issued against him on 7 August to run until 26 November 2020.
Deputy Health Minister Iraj Harirchi last week said that the death count could go up to 600 a day owing to poor social distancing. The country is now grappling with another wave of COVID-19, and is registering a coronavirus related death every four minutes.
Yet contrary to this belief, the water was discovered near the Moon's South Pole, in an area which is reached by the sun. Most of the lunar water we know about is locked away as ice in frigid, perpetually-shadowed polar craters.
MMA star Khabib Nurmagomedov, right, lands a punch on Justin Gaethje during their lightweight title fight at UFC 254. It turns out there was a reason why Khabib Nurmagomedov opted to use a triangle choke to submit Justin Gaethje .
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"If rates continue like this, we risk overwhelming our hospitals and having many more Michiganders die", Khaldun said. The state showed two new deaths in Delta and Gogebic counties and one new in Dickinson and Marquette counties.
Orionid Meteor Shower Should Be Good Viewing
At this time of year, the public will witness one of the most attractive and confirmed meteor shower displays from outer space. Enjoy the show and, as always, please share any great meter shots you can get with me on Twitter Ericmac .
Prince Azim of Brunei, Sultan of Brunei's Son, Dies Aged 38
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Ant Group to raise $34bn in world's biggest float
That's even before it opts to exercise a so-called greenshoe option, which would allow the firm to sell more stocks. The company's much-anticipated IPO is on track to surpass Saudi Aramco's $29 billion sale previous year .
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