Market Overview - Page 282

President Donald Trump said he and first lady Melania Trump have tested positive for coronavirus, plunging the United States into further upheaval and uncertainty just over a month away from Election Day. In a tweet early Friday morning, Trump said:.

The Dow Jones Industrial Average erased earlier gains and turned negative on Thursday to kick off a new month and quarter as hopes for further fiscal stimulus waned. The 30-stock benchmark last traded down about 100 points after jumping 250.

Nikola shares surged on Thursday, one day after the company said its production timeline and factory plans remain on track amid widespread investor anxiety regarding the company’s business as well as its planned deal with General Motors. The stock soared.

Monthly US personal income and outlays figures are converging, but savings are still high. Income fell by 2.7% in August to an annual level of $19.49 trillion, roughly the same as the trend amounts we could have seen had it.

Demand for risk assets continues to cautiously recover in global markets this week. The S&P500 and Nasdaq100 indices rose almost 0.8% on Wednesday, and futures on these indices are adding another 0.6% during Asian trading. Futures on the Nikkei225 are.

Emerging Ethereum-powered predictions platform Polymarket produced six-figure volume amid the first presidential debates. The first debate of the 2020 U.S. presidential election had no clear winner, but crypto-powered prediction platforms are having a field day.

The dollar fell to a nine-day low on Thursday, as robust U.S. data and hopes for U.S. fiscal stimulus left investors confident enough to seek out riskier currencies. The Chinese yuan gained the most against the dollar, reach a year-and-a-half.

Oil prices fell on Thursday as rising coronavirus cases dampened the demand outlook, with further price pressure from a rise in OPEC output last month, though losses were capped by renewed hopes for U.S. fiscal stimulus. Brent crude futures fell.

U.S. President Donald Trump signed a stopgap funding bill on Thursday that would keep the federal government open through December 11, the White House said in a statement. Trump signed the measure into law shortly after government funding ran out.

The U.S. and China have “diametrically opposed values” and will eventually slip into a “new cold war” in the coming decades, said a China analyst from Fitch Solutions. “By a new cold war, I mean an all out, perhaps generation.

Japan’s Tokyo Stock Exchange halted trading on Thursday due to a technical issue, while many major markets in the region are closed for holidays. Japan Exchange Group said in a Thursday release that the Tokyo Stock Exchange has stopped trading.

U.S. stocks climbed in volatile trading on Wednesday, paring the steep losses in September. The Dow Jones Industrial Average last traded up 260 points, or 0.9%, after jumping 550 points at its session high. The S&P 500 gained 0.6%, while.