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Google Market NewsSep 28, 2020
Dow Jones Surges 500 Points, As Apple, Tesla Jump; Virgin Galactic Rockets On Buy Ratings - Investor's Business Daily
Dow Jones Surges 500 Points, As Apple, Tesla Jump; Virgin Galactic Rockets On Buy Ratings  Investor's Business DailyStocks jump at open as Dow and S&P 500 look to snap four-week losing streak  CNBC TelevisionWhat to watch today: Wall Street set to pick up where Friday's rally left off  CNBCS&P 500 Index opens sharply higher near 3,500  FXStreetDow Jumps as Bulls Up Bets on Financials, Industrials  Investing.com

MarketWatch MarketPulseSep 28, 2020
Dow books roughly 410-point gain to start the week, boosted by energy, industrials and financials
U.S. stocks closed sharply higher Monday, starting the week on a higher note as investors bought shares of banks, energy companies, as well as materials and industrials firms. Talk of some progress toward a fresh coronavirus aid package, however unlikely to gain much traction on Washington, and bargain hunting by investors betting on happier economic times in the throes of a global viral outbreak, helped to revive some degree of the bullish sentiment. The Dow Jones Industrial Average closed up 410 points, or 1.5%, at 27,583, the S&P 500 index finished the session up 1.6% at 3,352, powered by a 2.3% gain in financials and a 2.3% in the energy sector . The Nasdaq Composite Index , meanwhile, closed 1.9% higher at 11,117, retaking a psychological perch above 11,000. All closing numbers are on a preliminary basis. Shares of Citigroup and Morgan Stanley and Wells Fargo & Co. closed up 2.9% and 3.1%, and 3.5% respectively, helping to lead the charge higher for the economically sensitive banking sector, underscoring some bets for an improved economy by investors and efforts by investors to find value in beaten down sectors that have not enjoyed the run-up in stocks to the same degree as the highflying technology-related and work-from-home shares. Investors are also focused on the looming 2020 presidential election, with a debate between President Donald Trump and former Vice President Joe Biden set for Tuesday, which could also influence investment behavior in the short term. Last week, stocks took a hit amid rising concerns of a renewed spread of the novel strain of coronavirus that causes COVID-19. Markets got off to a strong start on Monday partly due to solid economic data out of China, which appeared to overshadow reports of fresh lockdowns and growing cases of COVID-19 in parts of Europe.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



KiplingerSep 25, 2020
Keep Politics Out of Your Investing Decisions!
These days, following an election can feel like watching the same slasher film every day for six months straight. But how should our political leanings impact our investing decisions? Specifically, should you sell before, during or after the election? While some might say that depends on who wins, I would take a different approach.

Two Clients Who Immediately Come to Mind I remember receiving a call the morning after President Trump won in 2016 from a client who wanted to sell out of the market because he was sure President Trump would run stocks into the ground. After some conversation we agreed to look the other way on politics for a while and focus instead on his investing strategy, keeping the two parts of his life divided and keeping his assets in the market. Looking back, he would have kicked himself if he'd allowed his political views to leave him out of an amazing runup in equities following President Trump's election: After the "Trump rally," market performance during Trump's term showed strong annualized returns of 11.1% per year, with data through Aug. 3, 2020.

SEE MORE 5 All-Too-Common Financial ‘Sins' … and How to Atone for Them On the other side of the aisle, I recall a client who was an avid supporter for President Trump and spent time standing by the roadside holding a Trump sign up for passing traffic (he was a pretty committed supporter). This client insisted on getting out of the market completely before the election because he believed Hillary Clinton would win and that the markets would be negatively impacted. In this case, the client missed the aforementioned equities runup completely, but for totally different emotional reasons than the first client. Not only was he frustrated that he

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