Uncertainty in the stock market is about as high as it has ever been.
COVID-19 combined with election day tomorrow has investors asking themselves, "Should I sell my stocks now?" The Dow tumbled more than 900 points on Wed., Oct. 28 for its worst drop since June.
Then, it dropped another 150 points to close out the week on Friday, Oct. 30.
This week could see even more volatility...
Airline stocks find themselves in a precarious situation right now.
In April, these businesses received $25 billion in bailouts from the U.S. government to continue paying their hundreds of thousands of employees.
Under the terms stipulated by the government, the airlines weren't allowed to make any layoffs or job cuts until Sept. 30.
The government hoped the money would be enough to tide the airlines over until October, when travel was expected to pick back up again…
But that clearly hasn't happened.
You see, the number of passengers going through TSA is down 74% from a year ago.
And with COVID cases surging again, it doesn't seem like this trend will reverse itself soon...
The Dow Jones today traded 50 points higher in pre-market trading after the Chinese government announced that it welcomes direct talks with the United States if it will help avert a global trade war.
In Dow Jones news today, the Dow climbed six points as investors wait to see if President Donald Trump can cut corporate and personal taxes.
Gold prices also climbed, while oil prices were below $50 per barrel.
