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Google Business NewsOct 21, 2020
Futures hold steady as investors await progress on stimulus talks - CNBC
Futures hold steady as investors await progress on stimulus talks  CNBCDow Jones Futures Fall On Stimulus News; Netflix Plunges, While Snap Soars 24% On Earnings  Investor's Business DailyHow major US stock indexes fared Wednesday  Bay News 9Stocks Decline as Stimulus Talks Continue  The Wall Street JournalWall Street slips in choppy trade as investors focus on stimulus talks  Reuters

KiplingerOct 21, 2020
Stock Market Today: Snap Soars, Netflix Nosedives as Stocks Sit and Wait
Stocks largely remained in limbo Wednesday as Washington continued negotiating to pass a stimulus bill ahead of the Nov. 3 elections.

The Federal Reserve kept the pressure on, insisting yet again that the economy needs another relief measure. "Apart from the course of the virus itself, the most significant downside risk to my outlook would be the failure of additional fiscal support to materialize," Fed Governor Lael Brainard said to the U.K.'s Society of Professional Economists on Wednesday. "Too little support would lead to a slower and weaker recovery."

SEE MORE 50 Top Stock Picks That Billionaires Love But the market wasn't light on action.

Social app Snap (SNAP, 28.3%) rocketed higher following a surprise adjusted quarterly profit. Its report also signaled a "bonanza for online advertising," according to Deutsche Bank, that lifted competitors such as Facebook (FB, 4.2%) and Pinterest (PINS, 9.0%).

"We continue to like Snap shares, despite the (large stock-price move Wednesday), and see upside potential to the company's 47-50% growth comments for 4Q given the improving ad environment and the company's strong positioning into 4Q," writes Lloyd Walmsley, who upgraded his price target from $32 per share to 440.

Netflix (NFLX, -6.9%)

Google Business NewsOct 21, 2020
GOP pushes back on White House's stimulus talks with Pelosi, signaling final action could slip until after elections - CNN
GOP pushes back on White House's stimulus talks with Pelosi, signaling final action could slip until after elections  CNNTrump, Pelosi and McConnell at odds over coronavirus stimulus deal  CBS NewsUS stocks edge lower as investors mull odds of stimulus deal by end of week | Currency News | Financial and Business News | Markets Insider  Business InsiderWe need another stimulus bill from Congress. Now  Los Angeles TimesWhy Mitch McConnell is trying to kill a big stimulus before the election  

Forbes HeadlinesOct 21, 2020
Stocks Fall, Dow Down 100 Points, As Fed Governor Says Stimulus Package Needed For ‘Inclusive' Economic Recovery
Despite major beats on the earnings front, Wall Street is increasingly wary an already sluggish recovery could slow down further without a new stimulus deal.
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