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(Bloomberg) -- U.S. and Asian stocks looked set for gains Monday as traders reacted to the possibility President Donald Trump may be able to leave hospital as soon as Monday. The yen retreated.Futures pointed higher in Japan and Australia, where markets are open though volumes are expected to be low because of a holiday. S&P 500 contracts climbed after U.S. stocks finished lower on Friday in a volatile day for global financial markets. Crude oil ticked higher after Friday’s slump. The pound fluctuated following a weekend call between U.K. Prime Minister Boris Johnson and European Commission President Ursula von der Leyen on Brexit.Investors are mulling a series of contradictory and confusing accounts about Trump’s coronavirus infection, the latest being his physician admitting to giving a misleading statement about the president receiving oxygen. Still, doctors on Sunday insisted that Trump is doing well and could be discharged as soon as Monday.On the...
(Bloomberg) -- President Donald Trump briefly left his hospital in a car to greet supporters gathered outside, after posting a video on Twitter saying he was about to make a surprise visit.“We’re going to pay a little surprise to some of the great patriots that we have out on the street,” he said in the video. “I’m about to make a little surprise visit so perhaps I will get there before you get to see me.”Trump also said he’s learned “a lot” about Covid-19 by going through it.Other developments:Trump Doctor Sows Confusion With Reversals on President’s VitalsResults of Covid-19 Tests for U.S. Politicians, Officials: ListTrump Presses for Economic Stimulus Deal, Saying ‘Get It Done’Markets Were Already Braced for Chaos—Then Came the DiagnosisMcConnell Says Barrett Confirmation to Continue on ScheduleTrump Makes Surprise Visit to Supporters Outside (5:40 p.m. NY)Trump briefly left his hospital in a car to greet supporters gathered outside Sunday...
Trump’s positive COVID-19 test will move gold prices but only to the extent that it affects the U.S. Dollar. Also watch for stimulus developments....
(Bloomberg Opinion) -- Losses in the main U.S. stock indexes on Friday will go down in history simply as small ones in an otherwise choppy week. But assessed in more detail, they provide a remarkable example of the intense tug-of-war that now grips markets and will most likely persist, if not intensify, in the weeks ahead.Two news developments dominated the run-up to the U.S. market open on Friday.First and foremost was the middle-of-the-night tweet from President Donald Trump confirming that he and his wife had tested positive for Covid-19. The immediate reaction in the futures market included an indication of a 500-point drop in the Dow Jones Industrial Average at the open consistent with the uncertainties triggered by the news — from concerns about their health and that of other White House and congressional officials, as well as that of former Vice President Joe Biden, to the implications for the elections, fiscal...
Despite an ongoing pandemic and the U.S. economy barely limping along, the Nasdaq is still trading more than 50% above its March lows. The surge in tech stocks in 2020 has understandably led investors to draw comparisons to the dot-com bubble in 2000.The Nasdaq ultimately peaked at 5,048.62 on March 10, 2000. Of course, some dot-com bubble stocks have performed much better than others in the 20 years since the bubble burst.FANG Stocks Of Dot Com Bubble: Today's investors are very familiar with the FANG stocks, Facebook, Inc. (NASDAQ: FB), Amazon.com, Inc. (NASDAQ: AMZN), Netflix, Inc. (NASDAQ: NFLX) and Alphabet, Inc. (NASDAQ: GOOGL) (NASDAQ: GOOGL). These four stocks both led the bull market since the 2008 financial crisis and dominate today's market with their massive market caps.The dot-com had its own growth of FANG-esque stocks that dominated the tech sector back in 2000: * Microsoft Corporation (NASDAQ: MSFT) reached a dot-com...
The Past Week, In A Nutshell What Happened: Last week ended positive despite the uncertainty-driven news cycle.Remember This: "Market swings can be unsettling, and there's a lot to think about with today's headlines," noted Lindsey Bell, chief investment strategist for Ally Inc-owned (NYSE: ALLY) Ally Invest."However, history has proven to us repeatedly that it's best to wait them out. The S&P 500 has moved 2% or more in 42 trading days this year, the most since 2008, yet the index is still up year-to-date. We're also in the early innings of an economic recovery, so we believe stocks could run higher in the coming years. But investors need to be patient because it likely won't be a straight line up."Pictured: Profile chart of the Micro E-mini S&P 500 FuturesTechnical Broad-market equity indices ended the week higher with the S&P 500 retracing 50% of the September sell-off.During Last Week's Action: Participants defended...
Journal Editorial Report: The nominee and mother comes under fire from feminists. Image: Greg Nash-Pool/Getty Images...
