{"id":87273,"date":"2020-10-12T14:39:00","date_gmt":"2020-10-12T11:39:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/dow-futures-edge-higher-but-stimulus-talks-remain-at-an-impasse\/"},"modified":"2020-10-12T14:39:00","modified_gmt":"2020-10-12T11:39:00","slug":"dow-futures-edge-higher-but-stimulus-talks-remain-at-an-impasse","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/dow-futures-edge-higher-but-stimulus-talks-remain-at-an-impasse\/","title":{"rendered":"#\n  Dow futures edge higher but stimulus talks \u2018remain at an impasse\u2019"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3a6bd4c018b\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3a6bd4c018b\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/dow-futures-edge-higher-but-stimulus-talks-remain-at-an-impasse\/#Bond_market_closed_due_to_Columbus_Day_or_Indigenous_Peoples_Day_observed_on_Monday_but_most_other_markets_are_open\" >Bond market closed due to Columbus Day, or Indigenous Peoples\u2019 Day, observed on Monday but most other markets are open<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/dow-futures-edge-higher-but-stimulus-talks-remain-at-an-impasse\/#How_are_stock_indexes_performing\" >How are stock indexes performing?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/dow-futures-edge-higher-but-stimulus-talks-remain-at-an-impasse\/#Whats_driving_the_market\" >What\u2019s driving the market?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/buradabiliyorum.com\/en\/dow-futures-edge-higher-but-stimulus-talks-remain-at-an-impasse\/#Mark_DeCambre\" >Mark DeCambre<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong>#<br \/>\n  Dow futures edge higher but stimulus talks \u2018remain at an impasse\u2019<br \/>\n<\/strong>&#8221;<\/p>\n<h2 class=\"article__subhead\" itemprop=\"alternativeHeadline\"><span class=\"ez-toc-section\" id=\"Bond_market_closed_due_to_Columbus_Day_or_Indigenous_Peoples_Day_observed_on_Monday_but_most_other_markets_are_open\"><\/span>\n  Bond market closed due to Columbus Day, or Indigenous Peoples\u2019 Day, observed on Monday but most other markets are open<br \/>\n<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><\/p>\n<div class=\"column column--full article__content\">\n<div id=\"js-article__body\" class=\"article__body article-wrap at16-col16 barrons-article-wrap\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0000031014\">\n<div class=\"barrons-article-ad-wrapper\">\n<div data-track=\"barrons-article-ad-wrap\" class=\"barrons-article-ad sticky_item\">\n<div class=\"barrons-main-article-ad-target sticky_target body_ad\" aria-hidden=\"true\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>       U.S. stock-index futures traded mostly higher on Monday, but the Dow was flat, as investors shifted their focus to corporate earnings starting early this week and the vagaries of coronavirus stimulus negotiations.<\/p>\n<p> Attention also has been trained on the U.S. presidential elections which stand just about three weeks away. <\/p>\n<div class=\"paywall\">\n       Meanwhile, the bond market is closed on Monday in observance of the Columbus Day holiday, also celebrated by many as Indigenous Peoples\u2019 Day.<\/p>\n<h4><span class=\"ez-toc-section\" id=\"How_are_stock_indexes_performing\"><\/span>How are stock indexes performing? <span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>Futures for the Dow Jones Industrial Average<br \/>\n        YMZ20,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/215607694\/delayed\" class=\"positive\">+0.08%<\/bg-quote><br \/>\n       were trading 12 points, or less than 0.1%, lower at 28,506; those for the S&amp;P 500 index<br \/>\n        ESZ20,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/214278795\/delayed\" class=\"positive\">+0.50%<\/bg-quote><br \/>\n       were up 11.70 points at 3,485, a rise of 0.3%; while Nasdaq-100 futures<br \/>\n        NQZ20,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/214278826\/delayed\" class=\"positive\">+1.43%<\/bg-quote><br \/>\n       were advancing 132.50 points, or 1.2%, at 11,857.25. <\/p>\n<p>On Friday, the Dow<br \/>\n        DJIA,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210598065\/realtime\" class=\"positive\">+0.56%<\/bg-quote><br \/>\n       posted a 3.3% weekly gain, representing the sharpest weekly rise since Aug. 7. The S&amp;P 500<br \/>\n        SPX,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210599714\/realtime\" class=\"positive\">+0.87%<\/bg-quote><br \/>\n       rose 3.8% over the period and the Nasdaq Composite<br \/>\n        COMP,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210598365\/realtime\" class=\"positive\">+1.39%<\/bg-quote><br \/>\n       rallied by 4.6%. The S&amp;P 500 and the Nasdaq posted their best weekly percentage gains since the period ended July 2, according to FactSet.\u00a0 <\/p>\n<h4><span class=\"ez-toc-section\" id=\"Whats_driving_the_market\"><\/span>What\u2019s driving the market?<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>Recent reports indicate that an additional coronavirus stimulus package that achieves bipartisan support <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/www.wsj.com\/articles\/house-speaker-pelosi-says-coronavirus-aid-talks-remain-at-impasse-11602428344?mod=hp_lead_pos3\" class=\"icon none\">won\u2019t be forthcoming imminently<\/a>, as Democrats over the weekend rejected a $1.9 trillion proposal from Treasury Secretary Steven Mnuchin, representing the Trump administration\u2019s most generous aid proposal thus far. <\/p>\n<p> \u201cThis past week, the president demonstrated very clearly that he has not taken the war against the virus seriously, personally or nationally. This attitude is reflected in the grossly inadequate response we finally received from the administration on Saturday,\u201d wrote Democratic House Speaker Nancy Pelosi wrote in a Sunday letter. \u201cUntil these serious issues are resolved, we remain at an impasse.\u201d   <\/p>\n<p>During an interview with Fox <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a>, President Donald Trump cast Pelosi as a point of resistance in getting additional help for out-of-work Americans and troubled businesses. \u201cRepublicans want to do it. We\u2019re having a hard time with Nancy Pelosi,\u201d he said Sunday.  <\/p>\n<p>On-again-off-again negotiations over additional stimulus have been one of the main catalysts for the markets over the past few months. <\/p>\n<p>A lack of fresh aid may force investors to turn to the next round of corporate earnings and the elections, with a little over 20 days remaining in the race for the Oval Office between former Vice President Joe Biden, who has led in most major national polls, and Republican incumbent Trump. <\/p>\n<div id=\"cx-membership-tile\"><\/div>\n<p><strong>Read:<\/strong> Financial markets have waited patiently for a stimulus package \u2014 that might change soon<\/p>\n<p>\u201cStock markets have been surprisingly resilient over the last week or so, despite the increasingly diminishing short term prospect of a U.S. stimulus deal, against a backdrop of rising infection rates across Europe, and the rising likelihood of further restrictions,\u201d wrote Michael Hewson, chief analyst at CMC Markets UK. <\/p>\n<p>\u201cOne reason behind recent stock market resilience could be a growing belief that whoever wins next month, with the polls increasingly leaning towards Biden, there will be a sizable fiscal stimulus coming whoever wins, with the only unknown being around the size of any possible package,\u201d wrote the CMC analyst in a Monday report. <\/p>\n<p>Meanwhile, S&amp;P 500 companies\u2019 overall earnings performance are expected to be less-bad than the second quarter, when earnings fell the most since the 2008 financial crisis, according to FactSet data. The aggregate blended year-over-year growth estimate per share, which includes some earnings already reported and the average analyst estimates of coming results, is for a negative 20.5% as of the end of last week, following a 31.4% plunge in the second quarter. <\/p>\n<p>Investors may be more focused on the rate of change in the decline, rather than how far earnings are falling, MarketWatch\u2019s Ciara Linnane and Tomi Kilgore report. <\/p>\n<p>Separately, the spread of the COVID-19 pandemic in Europe was forcing some reimplementation of lockdown measures. U.K. Prim<a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2020\/10\/12\/uk-coronavirus-restrictions-pm-boris-johnson-outlines-more-measures.html\" class=\"icon none\">e Minister Boris Johnson was expected to outline the restrictions in a statement to the public on Monday<\/a>. <\/p>\n<p>In Asia, China\u2019s equity market were ebullient on optimism that President Xi Jinping is planning to further open parts of the economy to outside investment.  <\/p>\n<\/div>\n<\/div><\/div>\n<p><\/p>\n<div class=\"byline article__byline\">\n<p>      <span>By<\/span><\/p>\n<div class=\"author  hasMenu\" data-scrim='{\"type\":\"author\",\"header\":\"Mark DeCambre\",\"subhead\":\"The Wall Street Journal\",\"list\":[]}' itemscope itemprop=\"author\" itemtype=\"http:\/\/schema.org\/Person\">\n<h4 itemprop=\"name\"><span class=\"ez-toc-section\" id=\"Mark_DeCambre\"><\/span>Mark DeCambre<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/p><\/div>\n<\/div>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener noreferrer\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"http:\/\/www.marketwatch.com\/news\/story.asp?guid=%7B21004575-02D4-D4B5-4572-D7926031A40F%7D&#038;siteid=rss&#038;rss=1\" target=\"_blank\" rel=\"noopener noreferrer\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Dow futures edge higher but stimulus talks \u2018remain at an impasse\u2019 &#8221; Bond market closed due to Columbus Day, or Indigenous Peoples\u2019 Day, observed on Monday but most other markets are open U.S. stock-index futures traded mostly higher on Monday, but the Dow was flat, as investors shifted their focus to corporate earnings starting&#8230;<\/p>\n","protected":false},"author":1,"featured_media":87274,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[],"class_list":["post-87273","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/87273","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=87273"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/87273\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/87274"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=87273"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=87273"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=87273"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}