US News Hope for new stimulus package still alive: US trading ends with profits

00:28  21 october  2020
00:28  21 october  2020 Source:   finanzen.net

Rich Americans get richer during the pandemic

 Rich Americans get richer during the pandemic © Erik Pendzich / Sipa Rich Americans CAMPAIGN JOURNAL # 16 - Their cumulative wealth has increased 28% since March, as millions of Americans have lost their jobs and no longer manage to make ends meet. For the wealthiest Americans, this is a serious problem in the midst of an election campaign. The numbers, frankly, are breathtaking ... or nauseating, depending on his political orientation.

Wall Street ended lower as the stimulus clock ticked. News that there was still no agreement on fiscal stimulus unnerved investors. Europe recorded a record number of new daily covid cases on Monday and lockdown restriction are being tightened Introduction: Clock ticking on US stimulus deadline.

Annandale Capital CEO George Seay joins Yahoo Finance’s Zack Guzman to break down the latest market action, as stocks rise on hopes of second stimulus package deal. The result is a graph that showed that inventories are still above the five-year average but are no longer at historical highs.

After a weak start to the week, Wall Street picked up again on the second trading day of the week.

DANIEL ROLAND/AFP/Getty Images © Provided by Finances.net DANIEL ROLAND / AFP / Getty Images

The Dow Jones ended Tuesday trading in profits, increasing 0.40 percent to 28,308.49 points.

Wall Street bounced back from its weak start to the week on the second trading day of the week. Recently, investors were increasingly hoping for an economic stimulus package before the upcoming presidential election. House Democratic spokeswoman Nancy Pelosi recently said the Democrats and the White House were nearing a successful conclusion; however, the Republican-controlled Senate is likely to continue to advocate a smaller deal. Meanwhile, the corona virus continues to rage in the United States.

DAX ends trading with price dip - Corona fear is rampant

 DAX ends trading with price dip - Corona fear is rampant The quotations on the German stock market collapsed on Thursday under the burden of increasing corona infections. © Provided by Finanz.net DANIEL ROLAND / AFP / Getty Images At the start of trading on Thursday, the DAX showed a discount of 1.55 percent to 12,826.13 points - the psychologically important 13,000- Brand again. After that, the leading German index knew only one direction: Down. At the final bell he lost 2.49 percent to 12,703.75 points.

NEW YORK, Oct 20 (Reuters) - U . S . equities rallied on Tuesday, fed by investor optimism that a deal would be reached in Washington to provide new relief Gold edged higher and the dollar weakened as hopes for a U . S . coronavirus aid package ahead of the presidential election boosted bullion's appeal

Trading is increasingly being overshadowed by the looming elections on November 3, with the consensus expectation of a 'Blue Wave' outcome encouraging expectations of a major fiscal stimulus package in the new year. Analysts at Goldman Sachs (NYSE:GS)

The deadline previously set by Pelosi for rapprochement with the US government is due to expire this Tuesday. "The math is simple: if they don't agree today, the much-needed aid package will likely be delayed until after the elections," commented analyst Ricardo Evangelista of ActivTrades.

Video: Shares in focus: Hochtief subsidiary sells half of mining equipment supplier (dpa afx)

Reporting season picks up speed

The reporting season under the Dow stocks picked up again after a break on Monday. In the case of IBM , flourishing business with cloud services did not hide the fact that the IT veteran continued to let up in sales in the third quarter. Because of the continued increased uncertainty in times of pandemics, the group once again did not provide an annual outlook.

US deficit rises to 3.1 trillion dollars

 US deficit rises to 3.1 trillion dollars In the USA, the budget deficit has tripled compared to the previous year due to the corona stimulus packages: In the fiscal year up to and including September, the US government has 3.1 trillion dollars (2.65 Trillion euros) lousy. © Carolyn Kaster / AP / dpa The seat of the US President, the White House in Washington. The US government's budget deficit has skyrocketed because of the corona aid.

Hahahah, what happened to the stimulus and vaccine hopes we had 4 hours ago? Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.

House Democrats could introduce a smaller stimulus bill next week. The new relief package will amount to around .4 trillion, acting as an updated version of the .4 trillion HEROES Act passed by the House earlier this year “ We still haven’t heard back from Republicans about that.” Crucial Quote.

It looked better with Procter & Gamble and Travelers . Thanks in part to the demand for hygiene products, Procter revenues rose in the first quarter of the fiscal year, and so the group increased its sales and profit targets for the full year.

The insurer Travelers convinced investors with a doubled quarterly profit, although this was also related to special charges in the same period of the previous year. In the third quarter, the group was even able to release loss reserves from previous years, which cushioned the increased burdens from natural disasters.

Redaktion finanzen.net / Dow Jones Newswires / dpa

Investors in shock: DAX ends Monday trading deep in the red. .
The German stock market fell sharply at the beginning of the week. © Provided by Finanz.net PHILIPPE HUGUEN / AFP / Getty Images At the beginning of trading on Monday, the DAX saw discounts of 2.71 percent to 12,303.41 points, which it widened during the day. Ultimately, he left the trade with a whopping minus 3.71 percent to 12,177.18 points. The clouded view of the software company SAP into the future shocked investors on the German stock market and across Europe on Monday.

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