Tuesday served as a reminder for market participants that the coronavirus pandemic is still out there.
 | TUE, SEP 29, 2020 | | | | DOW | | NAME | LAST | CHG | %CHG | | AAPL | 114.09 | -0.87 | -0.76% | | MSFT | 207.26 | -2.18 | -1.04% | | BA | 163.60 | -2.48 | -1.49% | |
| | S&P 500 | | NAME | LAST | CHG | %CHG | | AAPL | 114.09 | -0.87 | -0.76% | | GE | 6.12 | -0.08 | -1.29% | | AMD | 81.77 | +2.29 | +2.88% | |
| | NASDAQ | | NAME | LAST | CHG | %CHG | | AAPL | 114.09 | -0.87 | -0.76% | | AMD | 81.77 | +2.29 | +2.88% | | TSLA | 419.07 | -2.13 | -0.51% | |
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Tuesday served as a reminder for market participants that the coronavirus pandemic is still out there. The major averages closed lower, snapping a three-day winning streak, after New York City reported that its daily rate of positive Covid-19 tests topped 3% for the first time in months. Mayor Bill de Blasio warned the city would fine "anyone who refuses" to wear a mask when required to do so. Airlines — which would benefit from the economy reopening — were among the worst-performing stocks on Tuesday. United and American Airlines were both down about 4%. Delta slid 2.3%.  Wall Street also looked ahead to the first debate between President Donald Trump and Democratic nominee Joe Biden. Some Wall Street analysts believe the initial debate of this cycle could be more consequential for the markets than most, with a clear victory by one candidate possibly creating significant volatility. "Everyone knows what they're going to get with Trump, for better or worse," said Peter Boockvar, chief investment officer at Bleakley Advisory Group. "The question then is what will Biden deliver. If Biden doesn't kick any balls in his own net then the market will take that as a win for him." The News with Shepard Smith, premieres tomorrow at 7pm ET on CNBC. The nightly newscast will provide deep, non-partisan coverage and perspective on the day's most important stories
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