Gold edges higher Friday as the U.S. dollar loses some ground, but the yellow metal remains on track for a weekly loss after failing to find haven-related support despite a stock-market selloff.
European equities recovered from earlier losses, with investors focused on falling technology shares in the U.S. A week of increasing concerns over COVID-19 and restrictions have taken a toll on markets.
Oil prices flip between small gains and losses Friday but were on track to book a large October fall as rising COVID-19 cases in the U.S. and Europe pose a renewed threat to demand.
David Trainer, founder of the independent research firm New Constructs, has put out a list of five stocks to own regardless of the election. He says all these picks have attractive risk vs. reward, large cash reserves and strong market share.
Stock-index futures point lower Friday, with investors waving off strong quarterly results from tech heavyweights to focus on uncertain guidance that underlines unease about the outlook amid a continued surge in COVID-19 cases in the U.S. and Europe.
Passenger traffic at Europe’s airports fell 73% in September, compared with the same month in 2019, bringing the total volume of lost passengers since January to 1.29 billion.
Former Vice President Joe Biden is favored to win the U.S. election no matter if you look at betting markets or polling. But the hard money on the election isn’t nearly as tilted toward Biden as polling would indicate.
Twitter Inc. added users and revenue in the third quarter, but its daily active-user gains fell short of analyst expectations, sending its shares sharply lower in after-hours trading.
European equities fall and U.S. stock futures are also lower after Apple and Amazon shares fell on results late on Thursday. A week of increasing concerns over COVID-19 and restrictions have taken a toll on markets.
Amazon.com Inc. reported record quarterly sales Thursday and has already reached a record profit total in 2020 amid ramped up pandemic spending, and it still has another three months to go that include Prime Day as well as the traditional winter holidays.
Shares of General Electric Co. pulled a sharp intraday U-turn Thursday to close in negative territory, as they once again failed to sustain gains above a chart resistance level, even as Wall Street analysts praised the industrial conglomerate’s blowout earnings report.