Investors shifted their focus to the beginning of the earnings season last week. US stocks started the week with a bang despite the stalled talks over fresh fiscal stimulus and rising covid-19 infections. Markets also turned their attention to the US Presidential elections scheduled for November 3. The strong momentum didn’t last long though. And,
News of improvement in US President Donald Trump’s health after testing positive for covid-19 helped Wall Street record sharp gains at the start of the week. Investors welcomed the news of Trump’s discharge Monday night from Walter Reed Medical Center. Stocks climbed despite markets remaining on tenterhooks around the progress in talks on the next
Although Wall Street got off to a strong start last week, the momentum soon faded with President Trump and first lady Melania Trump testing positive for covid-19. Donald Trump will now remain in quarantine, adding to the uncertainties around the US presidential elections. Trump testing covid-19 positive is expected to hurt its presidential campaign. Meanwhile,
