Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

Comic: Volatility To Continue As Investors Shift Focus To Trump-Biden Debate

Published 26/09/2020, 18:59
Updated 26/09/2020, 19:03

By Jesse Cohen

Investing.com - Stocks on Wall Street ended higher in another volatile session on Friday, clawing back some of their hefty losses for the week, as tech shares rallied.

The Dow Jones Industrial Average jumped 358 points, or 1.3%, to close at 27,173.

The S&P 500 rose 1.6% to 3,298, while the Nasdaq Composite surged 2.2% to settle at 10,913.

Despite Friday’s rally, both the Dow and S&P 500 suffered their fourth weekly loss in a row, their longest losing streak since August 2019. The Dow fell 1.8% on the week while the S&P 500 declined 0.6% over the same timeframe.

The Nasdaq meanwhile had its first weekly gain in four weeks, rising 1.1%.

U.S. stocks could face more volatility next week as President Donald Trump and Democratic nominee Joe Biden face off in their first debate ahead of the November 3 elections.

The debate – the first of three – will take place in Cleveland, Ohio on Tuesday from 9:00PM ET to 10:30PM ET.

Betting services currently view the race as almost a coin flip, though Biden currently has a modest lead in the polls.

Uncertainty related to the election, including the possibility of a delay in announcing a winner, has weighed on market sentiment in recent weeks, with the S&P 500 tumbling 10% from its record high earlier this month.

To see more of Investing.com’s weekly comics, visit: http://www.investing.com/analysis/comics

Latest comments

Get into Emerging Markets. They are the ones that will do well over the next five years.
downtrodden are the diamonds in the grass
I think market start recover from this pandemic and the world we'll be better
Yes 2H2021 (more likely) or 1H2022 ans the economies in 2022 to 2024. Air travel will take 3 years or more to recover
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.