Dow Jones Now Rebounding After Three-Day COVID Sell-Off

The Dow Jones now could bounce back after a week of COVID-19 losses on Capitol Hill. The pressure was due to fleeting hope about stimulus negotiations between the White House and Democratic leaders.

While U.S. President Donald Trump has expressed his willingness to increase his offer to Democrats, Senate Majority Leader Mitch McConnell said that he didn’t plan to introduce a large fiscal stimulus bill on the Senate floor. More below on what’s moving the Dow today…

Here are the numbers from Thursday for the Dow, S&P 500, and Nasdaq:

Index Previous Close Point Change Percentage Change Dow Jones

28,494.20

-19.80

-0.07

S&P 500

3,483.34

-5.33

-0.15

Nasdaq

11,713.87

-54.86

-0.47

Now here are what I think will be the most important market events and stocks on Friday morning.

The Top Stock Market Stories for Monday

COVID-19 is back leading the headlines as cases continue to rise. According to Johns Hopkins University, U.S. cases have surpassed 7.91 million. While the United States has led the world in cases, India is fast-approaching a pace that would see it surpass America. Also, across the Atlantic, the European Central Bank said that it is considering a new round of fiscal stimulus due to the recent surge in cases. Europe now counts 7.4 million cases, according to the World Health Organization. The ECB is considering even lower interest rates, asset purchase programs, and more, according to ECB President Christine Lagarde.

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