It's a week full of uncertainty but the market managed to recover some of its sharp losses from last week.
 | MON, NOV 02, 2020 | | | | DOW | | NAME | LAST | CHG | %CHG | | AAPL | 108.77 | -0.09 | -0.08% | | INTC | 44.46 | +0.18 | +0.41% | | MSFT | 202.33 | -0.14 | -0.07% | |
| | S&P 500 | | NAME | LAST | CHG | %CHG | | AAPL | 108.77 | -0.09 | -0.08% | | GE | 7.52 | +0.10 | +1.35% | | F | 7.71 | -0.02 | -0.26% | |
| | NASDAQ | | NAME | LAST | CHG | %CHG | | AAPL | 108.77 | -0.09 | -0.08% | | AMD | 74.70 | -0.59 | -0.78% | | AAL | 11.19 | -0.09 | -0.80% | |
| |
It's a week full of uncertainty but the market managed to recover some of its sharp losses from last week. The Dow Jones Industrial Average closed Monday more than 400 points higher, or up 1.6%. The S&P 500 gained about 1.2% and the Nasdaq Composite climbed 0.4%. All three market benchmarks were coming off their biggest one-week declines since March. Those gains came even as a potentially contentious U.S. presidential election loomed, with some investors fearing the results could be delayed or disputed. CNBC's Jim Cramer said Monday's advances for the Dow, S&P 500 and Nasdaq may have been driven by easing concerns over a stalled or contested election result.  "If you're really short, you're really betting that everything has to go wrong at this point," Cramer said on CNBC's "Squawk on the Street." "[The market] really got oversold last week and it's entirely possible that we elect someone tomorrow." Also, the winner of Tuesday's election may not matter to the markets since the Federal Reserve is expected to keep rates lower for a while, CNBC's Jeff Cox writes. Cox noted that stocks struggled after business-friendly George W. Bush was first elected president in 2000 as the Fed raised rates to soak up the excesses of the dot-com bubble. Meanwhile, equities surged under President Barack Obama after his first win in 2008 as the central bank eased policy to help the economy recover from the Great Recession. Catch The News with Shepard Smith at 7 p.m. ET on CNBC. The nightly newscast provides deep, non-partisan coverage and perspective on the day's most important stories. |
Tidak ada komentar:
Posting Komentar