Global Stocks Open Lower on Lack of US Economic Aid

Published: October 22, 2020

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Global Stocks Open Lower on Lack of US Economic Aid

Global stock markets and U.S. futures slipped this morning as investors wait for signs that Democrats and Republicans could deliver more economic aid before the Nov. 3 presidential election.

On Wednesday, the S&P 500 lost 0.2% as U.S. political leaders quarreled over implementing a fresh economic stimulus package after the $600-a-week extra unemployment benefits that supported consumer spending expired.

House Speaker Nancy Pelosi said negotiations have been productive. However, the potential aid deal could face objection in the Senate after Majority Leader Mitch McConnell told the White House not to continue.

McConnell's not doing President Trump any favors…

In today's video, you'll see which reports are impacting the stock market this week… critical trading levels for large-cap stocks… and three low-risk, high-probability trade setups you can take advantage of today.

Get today's market action

Global Stocks Subdued in Final Attempt to Yield Stimulus Deal

October 21, 2020

Global stock markets are subdued this morning even though a number of reports indicate strong earnings results for the quarter.

Global Stocks Subdued as US Waits for Economic Aid

October 20, 2020

Global stock markets are subdued this morning as hopes dwindle that a fresh U.S. economic stimulus deal will be reached before Nov. 3.

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