Stocks Are Selling Off Because Coronavirus Stimulus Might Not Happen After All

[tacobell fan]

It's all about government stimulus.

Senate Majority Leader Mitch McConnell is wavering in his support of a second Covid-19 relief package worth about $900 billion and the market doesn't like it.

S&P 500 and Dow Jones Industrial Average as well as the Nasdaq Composite futures are all off about 0.8% Friday morning. There seems to be little differentiation between tech and all other stocks. It's just a risk-off day for investors.

The sticking point for Republicans appears to be additional protections for businesses operating during the pandemic. Democrats, for their part, want aid for states and local governments, something McConnell has opposed.

Friday's trading action highlights again how coronavirus, and the government's response, looms over markets in 2020. And that won't change soon because the virus isn't going away anytime soon.

New U.S. Covid-19 cases have averaged more than 205,000 a day over the past week, up more than 30% from the weekly average prevailing before the U.S. Thanksgiving holiday.

Without additional stimulus to bridge the gap between now and mass inoculation, investors, it seems, could be in for a long winter.

 

[r2d2]

[AndhraneedSCS]

Elagu Georgia lo Dems gelichetatlu unnaru 2 seats. 

 

Mitch gadu inka silent ga kurchovadame .... 

 

[rajahmundry_bullodu]

5 minutes ago, AndhraneedSCS said:

Elagu Georgia lo Dems gelichetatlu unnaru 2 seats. 

 

Mitch gadu inka silent ga kurchovadame .... 

 

nijama . why do u think they will win?

[r2d2]

Just now, rajahmundry_bullodu said:

nijama . why do u think they will win?

Thaatha pettina confusion valla.. vaadi base vote cheyyakapovachchu ani oka analysis..

[AndhraneedSCS]

28 minutes ago, rajahmundry_bullodu said:

nijama . why do u think they will win?

Tatha gadu Reps ni 2 groups ga divide chestunnadu .... he is attacking state republic governor and others 

[rajahmundry_bullodu]

44 minutes ago, r2d2 said:

Thaatha pettina confusion valla.. vaadi base vote cheyyakapovachchu ani oka analysis..

reps already lost the presidency. i am not sure if they will like losing control of senate too. lets see. 

[tacobell fan]

2 hours ago, rajahmundry_bullodu said:

reps already lost the presidency. i am not sure if they will like losing control of senate too. lets see.