Make it three losses in a row for the market.
 | THU, OCT 15, 2020 | | | | DOW | | NAME | LAST | CHG | %CHG | | AAPL | 120.71 | -0.48 | -0.40% | | MSFT | 219.66 | -1.20 | -0.54% | | INTC | 53.85 | +0.30 | +0.56% | |
| | S&P 500 | | NAME | LAST | CHG | %CHG | | AAPL | 120.71 | -0.48 | -0.40% | | GE | 6.87 | +0.05 | +0.73% | | BAC | 24.15 | +0.53 | +2.24% | |
| | NASDAQ | | NAME | LAST | CHG | %CHG | | AAPL | 120.71 | -0.48 | -0.40% | | TSLA | 448.88 | -12.42 | -2.69% | | AMD | 83.13 | -1.08 | -1.28% | |
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Make it three losses in a row for the market. The Dow Jones Industrial Average, S&P 500 and Nasdaq Composite on Thursday posted their first three-day losing streak in nearly a month as uncertainty around new U.S. coronavirus fiscal aid and a spike in Covid-19 cases in Europe dented market sentiment. Treasury Secretary Steven Mnuchin told CNBC's "Squawk Box" that "politics" may be getting in the way of an agreement being struck, adding that Democrats still want an "all or nothing" deal. Mnuchin also said that he and President Donald Trump are committed to getting a stimulus package done and that while it will be hard to get one accomplished before the election, they will keep trying.  In Europe, some governments have reinstated pandemic restrictions to curb a second wave of the coronavirus. France has declared a public health state of emergency and the U.K. is nearing a second national lockdown. European stock benchmarks dropped broadly. Bottom line, investors should brace for more market choppiness, particularly as the U.S. presidential election approaches and the corporate earnings season continues. "Volatility should be picking up in this environment," said Gregory Faranello, head of U.S. rates trading at AmeriVet Securities, in a note. "Uncertainty is high and will remain that way in the weeks ahead." Catch The News with Shepard Smith at 7 p.m. ET on CNBC. The nightly newscast provides deep, non-partisan coverage and perspective on the day's most important stories. |
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