A late slide erases gains for U.S. indexes, leaving them mixed

Wall Street halted the downturn with retail sales

Seven of the 11 primary S&P 500 sectors finished higher, with utilities up 1.08 per cent, leading the advancers.

Even so, they all posted gains on the week. Pfizer's stock gained 3.8%.

Ross Mayfield, the investment specialist at Baird, has pointed out vaccine timeline and stimulus optimism as the market movers.

"Sometimes the market gets a reality check that even if we get a vaccine early next year that's an incredibly aggressive and optimistic timeline".

The retail sales data of September proved that consumers slowly gets inclined to market, and it was never estimated.

But with previous stimulus having run its course, the outlook is uncertain unless politicians in Washington DC can reach an agreement on a fresh round of fiscal aid.

Better-than-expected retail sales data and consumer confidence showed Americans remain willing to spend - for now - and shares were boosted by positive news about Boeing's 737 MAX and drugmaker Pfizer.

US markets fell for the second straight day on Wednesday after Treasury Secretary Steven Mnuchin cast doubt on the likelihood of another round of COVID-19 stimulus before November's election. House Republican pioneer Kevin McCarthy, notwithstanding, said he doesn't anticipate that an understanding should be reached in front of the November 3 political race as long as Pelosi is included.

The best and worst moments at the 2020 Billboard Awards
The song's lyrics about facing adversity and sticking together hit differently after what the couple has gone through. Lizzo has urged people to vote with her Billboard Music Awards dress.

Schlumberger slid 7.1% after the top oilfield services provider reported a third straight quarterly loss, pulling the S&P energy index down 0.5%.

The broader-based S&P 500 is tipped to open 4 points firmer at 3,487. Of those, 86% have cleared the low bar set by desires, as indicated by Refinitiv.

Fading hopes of a deal on federal aid as well as a halt in trials of a COVID-19 vaccine and a treatment pulled Wall Street's main indexes back from one-month highs on Tuesday, although losses on the Nasdaq were limited as technology mega-caps outperformed.

The S&P 1500 airlines index shed 2.3% as United Airlines reported a 78% drop in quarterly revenue.

Shares of fitness company Peloton Interactive Inc lost 3.7 percent after announcing a recall of faulty pedals on its popular exercise bikes.

Advancing issues outnumbered decliners for a 1.29-to-1 ratio on the NYSE and a 1.26-to-1 ratio on the Nasdaq.

Jeweller Tiffany & Co added 2.21% after posting some strong preliminary sales figures earlier in the morning but said it still expects to record a mid-single-digit percentage decline in sales despite now eyeing an increase in operating earnings. Its shares dropped 8.8%. Final decision will be at the discretion of the Taipei Times.

Comments will be moderated.

Related News:

  • Tesla Model S Price Cut to $71900

    Tesla Model S Price Cut to $71900

    Musk said that the Model Y's seven-seat configuration would likely be coming "probably early Q4" in June on Twitter . That includes a $7,500 US government electric vehicle tax credit, which Tesla vehicles are no longer entitled to.
    Putin suggests extending New START arms control treaty with U.S.

    Putin suggests extending New START arms control treaty with U.S.

    Lavrov's pessimistic view contrasted with recent statements from USA diplomats, who said that Moscow and Washington were close to a deal.
    Australia reopens borders to New Zealand travellers

    Australia reopens borders to New Zealand travellers

    But those flying back to New Zealand still need to undertake mandatory hotel quarantine for 14 days, and pay for it themselves. Meanwhile, reaction to the news of the Kiwis caught in Melbourne was swift.
  • Getafe vs Barcelona: I am in charge - Koeman fires warning at Griezmann

    Getafe vs Barcelona: I am in charge - Koeman fires warning at Griezmann

    Getafe have played four and won two while drawing the other and losing 0-3 to Real Sociedad in their last La Liga fixture. If he can't, the coach will have to call on recent signing Sergiño Dest , who normally plays on the right.
    Chrissy Teigen says she is doing okay after devastating miscarriage

    Chrissy Teigen says she is doing okay after devastating miscarriage

    Kate Beckinsale , who shared her own miscarriage story recently in support of Teigen , commented a bunch of heart emojis. Teigen, 34, was widely praised for publicly sharing the news about losing her baby.
    NEET results declared, Odisha's Soyeb Aftab bags top rank

    NEET results declared, Odisha's Soyeb Aftab bags top rank

    NEET MBBS/BDS cutoff 2020 for General category candidates is 50th, while NEET cut off for OBC, SC and ST will be 40th. Candidates should know that NEET 2020 result can only be downloaded up to 90 days from the date of declaration.
  • Ravalli County reporting 10 new COVID-19 cases

    Ravalli County reporting 10 new COVID-19 cases

    Statewide, there were 1,566 new cases and 46 additional deaths, raising the totals to 179,086 and 8,457, respectively. Whitley County's COVID-19 current case incidence rate is 36.6, which places it in the red category.
    Eoin Morgan handed KKR captaincy by Dinesh Karthik

    Eoin Morgan handed KKR captaincy by Dinesh Karthik

    The 35-year old hopes for the two-time champions not to lose their way in the tournament, being in the race for the playoffs spot. The England captain, in a recent interview to PTI, had said that "one doesn't need to be a captain in order to be a leader".
    Samsung to launch Galaxy S21 series in January

    Samsung to launch Galaxy S21 series in January

    Under the hood, the device comes powered by an octa-core Exynos 990 SoC coupled with up to 8GB of RAM & 256GB of storage. The Galaxy S20 FE can now be purchased in Thailand for the starting price of 18,810 baht ($603).
  • Travel bubble bursts: Up to 17 Kiwis detained in Melbourne

    Travel bubble bursts: Up to 17 Kiwis detained in Melbourne

    More than 350 passengers were scheduled to arrive in Sydney on three flights with no direct flights linking New Zealand to the NT. The state's new cases bring the 14-day rolling case count down to 7.5 in metropolitan Melbourne .
    If Biden wins, 'maybe I'll have to leave the country'

    If Biden wins, 'maybe I'll have to leave the country'

    Biden said. "My lord! It's not disappearing, in fact it's on the rise again, it's getting worse, as predicted", Mr. It had been expected that Trump would reach more people simply because it was being seen on three networks.
    Oil slides on COVID-19 resurgence, strong USA  dollar

    Oil slides on COVID-19 resurgence, strong USA dollar

    Oil markets climbed for a third day despite a resurgence in COVID-19 infections across Europe potentially denting fuel demand. Analysts polled by S&P Global Platts expected the EIA to report a drop of 2.3 million barrels in US supplies for the week.


Most liked

Gary Lineker responds to Liverpool FC's 2-2 draw at Everton
Dominic Calvert-Lewin rescued a point for Everton after Mane and Mohamed Salah put Liverpool ahead twice in the game. Everton's Brazilian forward Richarlison was sent off in the 90th minute after a wild challenge on Thiago Alcantara .

Tennis professional Sam Querrey leaves Russian Federation after a positive corona test
Sam Querrey has allegedly fled from Russian Federation on a private jet with his family after testing positive for COVID-19. Querrey, who is ranked No. 40 on the tour, reportedly informed the ATP that he left the country on a private jet.

Billionaire Robert Smith Reaches $140 Million Settlement With DOJ Over Tax Problems
As part of the alleged scheme, Brockman directed untaxed capital gains income to secret bank accounts in Bermuda and Switzerland. The indictment charges Brockman with crimes including money laundering , evidence tampering and destruction of evidence.

Xbox will not launch Bethesda games on other platforms
He then spoke of his confidence in the industry, predicting strong sales for both Microsoft and Sony's consoles. Bungie has confirmed that Destiny 2 will be getting its full next-generation upgrade on December 8 .

Stripe to Acquire Nigeria's Paystack
According to Patrick Collison , the co-founder and CEO of Stripe , the acquisition of Paystack is an enormous opportunity. Stripe thinks of a longer time horizon than others because we are an infrastructure company.

Borderlands 3 will have a Season Pass 2 with new content
The next add-on will be coming in Spring 2021 and more details will be coming closer to launch. Although specific gameplay details have not been revealed yet.

Tottenham great Hoddle: Kane will benefit from Bale presence
Bale has impressed the club's staff in training this week and Mourinho looks ready to throw him in against the Hammers on Sunday. We even had a helicopter at the training ground to take him and bring him back. "He's had a brilliant career".

Weekly unemployment filings tick up to 898,000 last week
Jobless claims are a proxy for layoffs and have been closely watched as a signal for how the pandemic is influencing the economy. The DOL said there was an average of 2,592 new unemployment claims per week in Maryland between December 28, 2019, and March 7.

Outdoor trick-or-treating can be safe with precautions: Dr. Tam
Halloween this year is really only for the kids, namely, those who want to go trick-or-treating. Decorate doors inside your house and let your little ones go trick-or-treating indoors.

BEYOND LOCAL: Province confirms York Region is moving to modified stage 2
The seven-day average stood at 779 cases on Friday with five more deaths reported across Ontario for 3,022 deaths in total. But the reintroduction of significant COVID-19 restrictions could hamper that, it said.

After Sputnik V, Russian Federation grants approval to 2nd COVID-19 vaccine EpiVacCorona
The Trump administration can hire and fire HHS officials, opening the possibility of political pressure to approve a vaccine. Department of Defense and the CDC plan to start distribution of vaccines within 24 hours of regulatory authorization.

Coronavirus: Household visits banned as part of new restrictions
New restrictions on household visits came into effect across Carlow and Kilkenny as well as most of the country today. However, the Taoiseach is still in Brussels on Friday and it is unclear if any of these meetings will take place.

Anthony Davis Talks How He Feels After Winning His First Championship
In a previous video, he says: "Anything for the Lakers, everything for the Lakers, all things for the Lakers". The Lakers' 28-point lead at halftime was the second biggest in NBA Finals history.

Navalny Poisoning: EU To Sanction 7 In Russia
Lavrov suggested that Moscow might even sever ties. "This is diplomatic practice", he said Wednesday. In response, the Kremlin promised a retaliation that would be in Russia's interest.

Mexico’s Former Secretary of Defense Arrested In California
The H-2 Cartel is a name for the Beltran-Leyva gang under the leadership of Juan Francisco Patron. The detention comes less than three weeks before the U.S. presidential election.