Market Update (27 October’20)

U.S. stocks wobbled Tuesday, attempting to stabilize after worries about the coronavirus pandemic sent markets tumbling to start the week. Rising Covid-19 infection levels around the world are compounding worries about the global economic outlook. The seven-day average of new cases in the U.S. reached a record Monday, while a number of countries in Europe, including Italy, Spain and Russia, tightened restrictions on activity to try to curb the spread of the virus.

Market Update (25 October’20)

The S&P 500 edged higher Friday, but finished the week with a decline, snapping a three-week winning streak. Money managers say stocks are likely to lack clear direction in the coming week as investors avoid placing big bets ahead of the Nov. 3 election. They are looking instead to a flurry of economic and corporate-earnings reports for a clearer picture of the economic outlook, as rising coronavirus cases threaten to slow the recovery.

Market Update (19 October’20)

The Dow Jones Industrial Average fell more than 400 points Monday as investors’ hopes for a fresh stimulus package before the election dwindled. Investors have been closely monitoring the progress of talks between lawmakers and the White House over a stimulus deal. Further relief to households or businesses battered by the coronavirus pandemic could bolster an economic recovery as the effect of previous stimulus measures wears off.