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KiplingerOct 20, 2020
Stock Market Today: Glimmer of Stimulus Hope Gives Stocks a Small Lift
When is a deadline not a deadline? Apparently - and fortunately, for the stock market - when it relates to politicians passing a stimulus deal.

House Speaker Nancy Pelosi on Tuesday walked back her comments setting a hard deadline of today to strike an agreement, but for reasons most investors could get behind. That is, Democrats and the White House are said to be nearing a middle ground in their negotiations, and Pelosi had a 3 p.m. talk set with Treasury Secretary Steven Mnuchin.

SEE MORE 25 Stocks That Billionaires Are Selling Also helping buoy spirits were a few strong results from the third-quarter earnings slate.

Insurer Travelers (TRV, 5.6%) posted Street-beating profits despite higher-than-usual catastrophe losses. And Procter & Gamble (PG, 0.4%) enjoyed higher demand for cleaning and laundry products, which lifted the company's sales and earnings ahead of estimates.

"PG has been building momentum longer than most of its peers and well before Covid-19 hit, which is one reason we view PG as a post-pandemic winner," writes CFRA analyst Arun Sundaram, who rates PG shares at Buy. "Additionally, the investments PG has made in its brands, capabilities, and organization are just beginning to pay off and should manifest into more market share gains."

The Dow Jones Industrial Average closed up 0.4% to 28,308, while the S&P 500 ( 0.5% to 3,443) and Nasdaq ( 0.3% to 11,516) also headed to higher gro


MarketWatchOct 20, 2020
Market Snapshot: Dow logs 113-point gain after Pelosi signals stimulus talks aren't over
U.S. stocks ended with gains Tuesday, but well off session highs after negotiations on a new round of fiscal stimulus appeared to be making progress with the Trump administration and House Democrats continuing to talk.

MarketWatch MarketPulseOct 20, 2020
Stocks rebound to end higher on stimulus hopes, earnings
U.S. stocks closed higher Tuesday as investors remained optimistic about the prospects of additional fiscal aid from Washington. The Dow Jones Industrial Average added about 113 points, 0.4%, to close near 28,308, according to a preliminary reading, while the S&P 500 gained 16 points, 0.5%, closing near 3,443. The Nasdaq Composite was up 38 points at the close, a gain of 0.3%, at 11,516. House Speaker Nancy Pelosi on Tuesday downplayed an earlier deadline she'd set to conclude negotiations over a stimulus package, as Democrats and Republicans continued to speak. Meanwhile, corporate earnings remain mixed: Shares of grocery chain Albertsons Cos. Inc. jumped nearly 6% after reporting better-than-expected earnings and offering bullish guidance. But International Business Machines Corp. said its revenue fell in the third quarter.

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.



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U.S. stocks finish higher on optimism over stimulus talks (MarketWatch Breaking News)

MarketWatch MarketPulseOct 20, 2020
Coronavirus tally: Global cases of COVID-19 40.4 million, 1.1 million deaths and U.S. death toll tops 220,000
The global tally for confirmed cases of the coronavirus that causes COVID-19 climbed above 40.4 million on Tuesday, according to data aggregated by Johns Hopkins University, while the death toll rose above 1.1 million. The U.S. has the highest case total at 8.2 million and deaths at 220,133. President Donald Trump on Monday called Dr. Anthony Fauci, head of the National Institute for Allergies and Infectious Diseases and considered the nation's leading infectious-disease expert, a "disaster" on a campaign call and on Twitter and said, "People are tired of hearing Fauci and all these idiots." Brazil has the second highest death toll at 154,176 and is third by cases at 5.3 million. India is second in cases with 7.6 million, and third in deaths at 15,197. Mexico has the fourth highest death toll at 86,338 and ninth highest case tally at 854,926. The U.K has 43,816 deaths, the highest in Europe and fifth highest in the world, and 744,122 cases.

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.



MarketWatchOct 20, 2020
Need to Know: ‘The dot-com bubble on steroids': Why technology stocks can keep going a while longer, strategists say
Stocks are being driven higher at the start of the week by the same old hopes of a new U.S. stimulus deal.

MarketWatchOct 20, 2020
Market Extra: Why stock-market investors are starting to focus on Biden's narrowing lead against Trump
Some Wall Street strategists make the case that two weeks shy of the Nov. 3 election, some narrowing of recent chances for a victory in the presidential race by former Vice President Joe Biden against incumbent Donald Trump is causing some pause among investors.

MarketWatch MarketPulseOct 20, 2020
Earnings Results: Texas Instruments stock rises as results, outlook top Street view
Texas Instruments Inc. TXN shares rose in the extended session Tuesday after the chip maker's results and outlook topped Wall Street's estimates. Texas Instruments shares rose 2% after hours, following a less than 0.1% advance in the regular session to close at $150.83. The company reported third-quarter net income of $1.35 billion, or $1.45 a share, compared with $1.43 billion, or $1.49 a share, in the year-ago period. Revenue rose to $3.82 billion from $3.77 billion in the year-ago quarter, driven by a rebound in auto chip and personal electronics sales. Analysts surveyed by FactSet had forecast earnings of $1.28 a share on revenue of $3.44 billion, while Texas Instruments had forecast earnings between $1.14 and $1.34 a share on revenue of $3.26 billion to $3.54 billion for the third quarter. In the fourth quarter, Texas Instruments expects earnings of $1.20 a share to $1.40 a share on revenue of $3.41 billion to $3.69 billion , compared with an analyst consensus of $1.19 a share on revenue of $3.33 billion.

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.



MarketWatch MarketPulseOct 20, 2020
Dow gains at Tuesday's open as coronavirus relief package deadline and vaccines come into focus
U.S. stock benchmarks on Tuesday kicked off trade modestly higher, as stocks attempted to recover from the worst daily percentage decline in about a month. House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin have indicated that differences in negotiations toward a sweeping coronavirus aid package are "narrowing," with a self-imposed deadline of end of day Tuesday looming. Both sides said they are continuing to work on the matter, which the market views as crucial to supporting further gains. Meanwhile, Moderna Inc. said that it could seek emergency authorization for its vaccine candidate before the end of the year, joining Pfizer Inc. , which last week said that it would have its experimental drug ready before the the end of 2020. The Dow Jones Industrial Average was up 112 points, or 0.4%, at 28,310, the S&P 500 index was trading 0.5% higher at 3,444, while the Nasdaq Composite Index was advancing 0.5% at 11,540, at last check. Markets finished Monday action with their worst percentage declines since late September.

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.



Google Business NewsOct 20, 2020
Snap stock rockets 20% after surprise profit and huge revenue beat - MarketWatch
Snap stock rockets 20% after surprise profit and huge revenue beat  MarketWatchView Full Coverage on Google News
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