Dow Jones today could bounce back after a volatile session, especially in FAANG stocks. Meanwhile, earnings reports form Peloton Interactive Inc. (NASDAQ: PTON) and Oracle Corp. (NYSE: ORCL) could provide an additional boost.
More on what’s moving the Dow Jones now, below.
Here are the numbers from Thursday for the Dow, S&P 500, and Nasdaq:
Index Previous Close Point Change Percentage Change Dow Jones 27,534.58 -405.89 -1.45 S&P 500 3,339.19 -59.77 -1.76 Nasdaq 10,919.59 -221.97 -1.99
Now here are what I think will be the most important market events and stocks on Friday morning.
Top Stock Market Stories for Monday
This morning, Wall Street is shrugging at Washington’s latest failed effort to extend small business and taxpayer relief around COVID-19. Yesterday, the Republican-led Senate failed to deliver on a new stimulus bill that would have capped additional unemployment benefits at $300 per week. Only 52 senators voted for a scaled-down stimulus bill. The Senate requires 60 votes. This new bill did not include a second $1,200 payment to Americans. It also didn’t involve money for states to help address food aid, money for mortgages, or other priorities among Democrats.
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COVID-19 cases are on the rise again. The U.S. reported 35,200 new cases on Thursday, a figure that is the highest since Sept. 5. Experts suggest that the Labor Day Weekend was responsible for a new uptick in cases. According to Johns Hopkins University, U.S. cases surpassed 6.39 million on Thursday, while the death toll surpassed 192,000. Meanwhile, on the global front, Israel is on the verge of a nationwide lockdown for the second time. Finally, we