Can US stocks keep rising without stimulus bill?
US stocks fell last week, breaking a three-week winning streak as the odds of passing a novel coronavirus relief bill before the Nov 3 presidential election were slim even as Covid-19 cases proliferated.
This week, there's likely to be more selling, unless the stimulus legislation is passed.
Last week, House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin made it sound like the deal was all but done.
Both US President Donald Trum…
GET BT IN YOUR INBOX DAILY
Start and end each day with the latest news stories and analyses delivered straight to your inbox.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Sony deal for Paramount would draw added regulatory scrutiny
Bitcoin 'halving' has taken place: CoinGecko
Lululemon to shutter Washington distribution center, lay off 128 employees
Wall Street bonus rules return to regulatory agenda in third try
Honda to invest US$808 million in Brazil by 2030
US: Nasdaq, S&P tumble as Netflix, chip stocks drag