The Dow Jones today is down on the first major day of Q3 earnings reports. Investors also await updates from Washington on a potential stimulus plan.
Markets remain in a holding pattern as Congress and the Trump administration continue to haggle over the size of a new deal. Trump has said that he will approve a deal worth $1.8 trillion. Democrats are hoping for a larger plan before the election.
Here are the numbers from Monday for the Dow, S&P 500, and Nasdaq:
Index Previous Close Point Change Percentage Change Dow Jones 28,837.52 +250.62 +0.88 S&P 500 3,534.22 +57.09 +1.64 Nasdaq 11,876.26 +296.32 +2.56
Now here are what I think will be the most important market events and stocks on Monday morning.
The Top Stock Market Stories for Tuesday On the coronavirus front, Johns Hopkins University reported that the number of new COVID-19 cases surpassed 49,000 on Monday. The virus continues to sweep across the Midwest just weeks before the 2020 election. Over the last week, the number of U.S. cases increased by 11%. On the global front, South Korea has reported an uptick in cases over the last few days. The uptick raises concerns about another possible resurgence across Asia at a time that investors are worried about all global economies.
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