Market roundup for Oct. 26
Since September, the U.S. and european stock markets had not a worse trading day than Monday, which registered an enormous one-day loss. The main culprit is the surge of Covid-19 cases during the last 30 days, with fears that infections will impact the economic recovery.
For example, we compare several case percentage increases from Sept. 26 to Oct. 26:
- Washington 192%.
- Massachusetts 120.7%.
- Pennsylvania 106.%.
- New Jersey 106%.
- Michigan 100%.
- U.S. overall 21.74%.
- Puerto Rico 39.19%.
While House Speaker Nancy Pelosi continues to express optimism on reaching a stimulus deal, investors are not as optimistic as last week.
Finally, U.S. New Single-Family Houses Sold fell to 959,000, down 3.52% from the 994,000 last month.
Results for Oct. 26
- The Dow Jones Industrial Average closed at 27,685.38, down 650.19 points, or 2.29%.
- The Standard & Poor’s 500 closed at 3,400.97, down 64.42 points, or 1.86%
- The Nasdaq Composite Index closed at 11,385.94, down 189.34 points, or 1.64%.
- The Birling Puerto Rico Stock Index closed at 1,695.79, up 1.42 points, or 0.08%
- The U.S. Treasury 10-year note closed at 0.81%.
- The U.S. Treasury 2-year note closed at 0.16%.