What’s happening: Trump, who remains heavily medicated, is still infected with the coronavirus. However, his physician Dr. Sean Conley said it had been 72 hours since Trump’s last fever and that his oxygen levels were normal, insisting that the president met the criteria to be discharged.
Optimism about Trump’s condition, along with stimulus hopes, drove a sharp recovery
in stocks on Monday. The S&P 500 finished 1.8% higher, while the Nasdaq Composite gained 2.3%.
Yet tons of variables remain, preventing the momentum from spilling over into another trading session.
Investors don’t have great information to work with. Conley — who … Read more
What’s happening: Trump failed to commit
on Wednesday to a peaceful transition of power after Election Day, fueling concerns he may not relinquish his office should he lose in November.
“Well, we’re going to have to see what happens,” Trump said.
Why it matters: The political and democratic implications of such a comment merit their own debate
. For Wall Street, however, it feeds fears that a contested election result and a potential constitutional crisis could spark weeks of uncertainty at a delicate moment for markets.
Though they’re still up dramatically from March lows, stocks have been shaky this week. … Read more