Today, the headlines were dominated by two stories. The first was that President Trump has tested positive for the novel coronavirus. This news, which has been credited with knocking down the markets, generated the most interest—and the most fear. The second story was that job growth continues to slow. Although this news will have a bigger impact over time, it has generated much less attention. Is this a classic example of what makes the headlines versus what really matters? Let’s take a closer look.
Markets React to Presidential Matters
Let’s start with the president. This news could
Other OTC – Other OTC Delayed Price. Currency in USD
At close: 1:38PM EDT
Trade prices are not sourced from all markets
|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day’s Range||0.0022 – 0.0022|
|52 Week Range||0.0000 – 0.1000|
|Beta (5Y Monthly)||15.95|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
© 2007-2020 Fusion Media Limited. All Rights Reserved
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and
Wall Street closed higher on Monday to start August on a positive note after four consecutive months of rally. Investors’ confidence strengthened following a series of merger and acquisitions news and better-than-expected manufacturing data globally. All three major stock indexes ended in green.
How Did The Benchmarks Perform?
The Dow Jones Industrial Average (DJI) finished in positive note for two successive days after surging 0.9% or 236.08 points to close at 26,664.40. Notably, 20 components of the 30-stock blue-chip index ended in the green while 9 finished in red and one remained unchanged.
The tech-laden Nasdaq Composite ended in positive