Stimulus optimism sees stocks begin week on right foot
- An increasing coronavirus case count appears to be coming alongside
increasing chances of fiscal stimulus, as U.S. stock index futures start
the week with an advance of 1%.
- President Trump said on Sunday he wanted a "bigger" stimulus package
than even House Speaker Nancy Pelosi (who gave a Tuesday deadline for
talks), and suggested he "could quickly convince" Republicans to get on
board.
- The U.S. recorded over 70,000 daily cases on Saturday for the first
time since July, while Pfizer said earlier it could be ready to apply
for emergency-use authorization of its COVID-19 vaccine by late November.
- On the earnings front, Halliburton and IBM today will kick off a busy
week for earnings, while Fed Chair Jerome Powell is scheduled to speak at
the IMF's annual meeting on digital currencies.
|Today, 5:59 AM|59 Comments
- An increasing coronavirus case count appears to be coming alongside
increasing chances of fiscal stimulus, as U.S. stock index futures start
the week with an advance of 1%.
- President Trump said on Sunday he wanted a "bigger" stimulus package
than even House Speaker Nancy Pelosi (who gave a Tuesday deadline for
talks), and suggested he "could quickly convince" Republicans to get on
board.
- The U.S. recorded over 70,000 daily cases on Saturday for the first
time since July, while Pfizer said earlier it could be ready to apply
for emergency-use authorization of its COVID-19 vaccine by late November.
- On the earnings front, Halliburton and IBM today will kick off a busy
week for earnings, while Fed Chair Jerome Powell is scheduled to speak at
the IMF's annual meeting on digital currencies.
|Today, 5:59 AM|59 Comments
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