Share This Article

Facebook LinkedIn
Twitter Reddit
Print Email
Pinterest Gmail
Yahoo
Money Morning
×
Login Archives Your Team About Us FAQ
[mmpazkzone name="azk58712-mobile-nav" network="9794" site="307044" id="222451" type="5"]
  • Subscribe
Enter stock ticker or keyword
×
[mmpazkzone name="azk58712-mobile-sticky" network="9794" site="307044" id="222451" type="5"]
Join 100,000+ Like-Minded Investors Today
Twitter
Tags: Dow Jones
Stocks: UAL, WBA

Dow Jones Today Falling as Stimulus Looks Less Likely

By Garrett Baldwin, Executive Producer, Money Morning • October 15, 2020

Start the conversation

Leave a Reply Click here to cancel reply.

You must be logged in to post a comment.

Garrett BaldwinGarrett Baldwin

The Dow Jones today is taking a hit after Treasury Secretary Steven Mnuchin said that a stimulus deal before the election is looking less and less likely.

Earlier this week, House Speaker Nancy Pelosi (D-CA) said the White House's proposal "falls significantly short" of what they believe to be expected. More of what's moving the Dow today, below.

Before we dive into the latest stories and more, here are the numbers from Wednesday for the Dow, S&P 500, and Nasdaq:

Index Previous Close Point Change Percentage Change
Dow Jones 28,514.00 -165.81 -0.58
S&P 500 3,488.67 -23.26 -0.66
Nasdaq 11,768.73 -95.17 -0.80

Now here's a closer look at what I'm following today. These are the most important market events and stocks.

The Top Stock Market Stories for Thursday

  • On Thursday, speculation again centers around Washington's willingness to get a deal done on stimulus in the coming days. U.S. President Donald Trump renewed hope last week that Congress would unveil a broad stimulus package to help struggling airlines and small businesses. The president has also supported the issuance of roughly $1,200 directly to Americans. The House of Representatives have said they are seeking a bill valued at $2.4 trillion, while Republicans would like to see something close to $1.8 trillion.
  • Johns Hopkins University reported that the seven-day COVID-19 infection average hit 52,345. The uptick in cases in the United States parallels a surge of cases in Europe, where leaders in those nations are imposing new instructions and shutdowns to curb a second wave of the virus. London is moving to a "medium" alert level this morning, meaning that no one in London will be allowed to meet with anyone outside their home, or any indoor setting.
  • Last, we're again paying close attention to the Labor Department's weekly jobless claims. The department is expected to say that 830,000 Americans filed claims last week. Initial claims have remained above 800,000 since the onset of the COVID-19 crisis.

Stock to Watch Today: WBA, MS, UAL

  • Shares of Walgreens Boots Alliance Inc. (NASDAQ: WBA) were up 1.5% this morning. The pharmacy giant forecast an uptick in profit growth in 2021. The firm reported earnings before the bell. The firm reported earnings per share of $1.02, a figure that topped Wall Street expectations of $0.96. It said that same-store sales at its pharmacy locations increased by 3.6%.
  • Morgan Stanley (NYSE: MS) was off 1.3% after the company topped earnings expectations. The firm reported earnings per share of $1.66. That figure topped Wall Street earnings expectations. The company reported revenue of $11.7 billion, a figure that topped expectations by $1 billion. Morgan Stanley was the last major bank to report earnings this week.
  • Shares of United Airlines Holdings Inc. (NYSE: UAL) reported a quarterly loss of $8.16 per share. That was a much larger loss than was forecast by analysts ($7.53). It also reported revenue of $2.49 billion, a figure that met expectations. The company slashed its daily burn rate to $25 million, including debt. The company was burning through $40 million per day.

Are These "Toxic" Stocks Lurking in Your Portfolio?

Almost no one realizes, but some of the most dangerous, portfolio-wrecking stocks are also some of the most popular picks on the market.

Our chief investment strategist is going live and shining a light on the specific stocks that should be nowhere near your portfolio.

In this fast-paced lightning round event, he'll also detail the stocks that every investor in the world should have in their portfolio right now.

This event could revolutionize how you make money this year. Watch now...

Follow Money Morning on Facebook and Twitter.

Garrett BaldwinGarrett Baldwin

About the Author

Browse Garrett's articles |

Garrett Baldwin is a globally recognized research economist, financial writer, consultant, and political risk analyst with decades of trading experience and degrees in economics, cybersecurity, and business from Johns Hopkins, Purdue, Indiana University, and Northwestern.

… Read full bio

ABOUT MONEY MORNING

Money Morning gives you access to a team of market experts with more than 250 years of combined investing experience – for free. Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors.

QUICK LINKS
About Us How Money Morning Works FAQs Contact Us Search Article Archive Your Team Text Messaging Terms of Use
TOPICS
AI Investing Best Stocks to Buy Stock Forecasts Stocks to Sell Now Technology Stocks Best REITs to Buy Now IPO Stocks Penny Stocks Dividend Stocks Cryptocurrencies How to Trade Options Best Trades to Make Now Options Trading Strategies Weekly Trade Recommendations Income Investing Guide Retirement Articles Special Investing Reports Meet Our Experts
PREMIUM SERVICES
Money Map Press Home Fast Fortune Club Microcurrency Trader Rocket Wealth Initiative Quantum Data Profits Darknet Alpha Accelerators Brutus Alerts Resource Traders Alliance Rob Roy Trader Long-Term Equity Profits

© 2023 Money Morning All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning.

Address: 1125 N Charles St. | Baltimore, MD, 21201 | USA | Phone: 888.384.8339 | Disclaimer | Sitemap | Privacy Policy | Whitelist Us | Do Not Sell or Share My Personal Information