The Dow Jones today could see gains after President Trump called for $25 billion in emergency funding for the airline industry.
Trump’s latest push for stimulus came just hours after he said that he had called off stimulus talks until “after the election.” The President’s statement also comes shortly after Fed Chair Jerome Powell urged Congress to take action.
More on everything moving the Dow today, below.
The airline sector continues to get clobbered by the pandemic with no stimulus in sight.
But it would be a mistake to count on it regardless.
The same is true of investing and trading right now – a big stimulus rally could happen, but don’t bank on it.
Here’s what our Andrew Keene is doing instead… .
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 Industrial Average faces pressure after a wild trading session on Thursday.
Ongoing worries about COVID-19 and the possibility of a continuation of rising cases continue to rattle investor sentiment.
Meanwhile, mortgage rates are taking a dive as well.
Analysts are concerned about economic recovery.
Read for more on everything moving the Dow today.
The Dow Jones today slipped as the coronavirus case numbers tick upward.
Chinese stocks popped yesterday for their seventh straight day, adding 177 points to the Dow and 148 points to the Nasdaq.
But much is still uncertain with the pandemic spread and rising inflation.
More on these developments below.
The Dow Jones now could slip today as the U.S. hit 2.63 million coronavirus cases.
Wall Street had its best quarter in decades after a sharp rebound from the COVID-19 market crash in March.
Investors must now face a slate of potential threats in a resurgence of coronavirus cases, ongoing geopolitical worries out of China, and the upcoming election.
More on these developments below...
The S&P 500 and Dow Jones were both down in early market trading as investors continued yesterday's sell-off.
Then, Jerome Powell said the U.S. Federal Reserve intends to keep interest rates near zero through 2022.
And he expects GDP to expand by 5% in 2021.
Stocks rallied across the board on the back on the announcement by the Fed Reserve Chairmen.
But only the Nasdaq closes the day in positive territory – up 1.2% and closing at a record high.
The S&P 500 was flat and the down was down 0.6%.
Here's what our experts – Chris Johnson and Shah Gilani – saw live at the open and close of the trading day.
The Dow Jones Industrial Average dropped this morning after the National Bureau of Economic Research's Monday announcement: the U.S. is officially in recession due to COVID-19.
There has also been a dip in corporate earnings. Airline stocks took the hardest hit.
More on these developments here.
This is everything moving the Dow today.
The Dow Jones Industrial Average continues to rally on the economy's reopening.
Airlines, retail stocks, and cruise lines pressed higher on optimism that the economy will experience a V-shaped recovery.
Read on for more of what's moving the Dow Jones today...
The Dow Jones now is rising on the possibility of a coronavirus vaccine from Novavax (NASDAQ: NVAX).
The markets are also looking forward to further reopening the economy as summer kicks off.
This morning, cruise stocks, casino stocks, and airline stocks all bounced higher on renewed optimism that the worst of the coronavirus is past.
Only time will tell.
Here's everything moving the Dow today...
