Wall Street Higher as Stimulus Talks Continue
We ran the numbers: There are 5689 news articles covering this topic. 43% (2421) are left leaning, 43% (2429) are center, and 15% (839) are right leaning.
Companies have been left depleted and damaged in the wake of Covid-19, however the uncertainty of stimulus has sent our economy and stock markets into a frenzy. The left is hoping that Biden is elected and will provide ample stimulus support for the American people. On the right, people are celebrating the decision to make a deal and reenact the momentum for stimulus packages.
A left leaning article from The Washington Post looks at recent stock activity and trends and how they might be impacted by potential additional stimulus. Apparently the near-record rate of U.S. job loss is beginning to slow down. Stock prices have been quite volatile as we approach autumn. We are seeing a constant alternation between optimism about a possible vaccine and concern that markets recovered too fast and are now too expensive. Investors view rising poll numbers for Joe Biden to be a sign of likely stimulus. With a number of countries facing a second wave of the disease, we will see a number of international economies suffer.
A centrist article from Reuters says that U.S. stocks rose on Friday and the S&P 500 was “on track for a second straight week of gains as optimism over more federal fiscal aid gathered momentum.” Speaker Pelosi plans to create a commission on “presidential capacity to discharge the powers and duties of office” after President Trump was diagnosed with Covid. Chief investment strategist at Inverness Counsel, Tim Ghriskey said that the market is reacting positively to Trump’s decision to give more aid than he previously agreed to.
A right leaning video segment on Fox News looks at Trump’s decision to approve a revised package and will likely be relatively broad based. After a meeting with Secretary of the Treasury, Steven Mnuchin and chief of staff Mark Meadows, Trump has announced his desire to do a deal. Mnuchin will be speaking with Nancy Pelosi shortly to iron out the details of the package. They also discussed the increasing Dow Jones Market Checks, especially after the announcement of the upcoming stimulus package.
From the right
Stimulus Progress Turns Dow Positive for 2020, S&P, Nasdaq Win Best Week Since July
Fox Business