A passersby wearing a protective face mask stands in front of a screen displaying Nikkei share average and world stock indexes outside a brokerage, amid the coronavirus disease outbreak, in Tokyo, Japan October 5, 2020. Picture taken with slow shutter speed. REUTERS/Issei Kato/File Photo
“It will be quite a mixed day,” said Ryan Felsman, senior economist at CommSec. “People are digesting the potential for a stimulus bill, and markets are very cautious on the back of that.” The Dow Jones Industrial Average ended up 0.40% on Tuesday. The S&P 500 rose 0.47%, and the tech-heavy Nasdaq Composite rose 0.33%.
Benchmark 10-year U.S. Treasury yields hit a four-month high of 0.8060% and the yield curve reached the steepest level in more than four months on hopes lawmakers could agree on a stimulus package.
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Global Covid-19 Infections Surpass 40 Million, 1.1 Million DeathsI am a London-based reporter for Forbes covering breaking news. Previously, I have worked as a reporter for a specialist legal publication covering big data and as a freelance journalist and policy analyst covering science, tech and health. I have a master’s degree in Biological Natural Sciences and a master’s degree in the History and Philosophy of Science from the University of Cambridge. Follow me on Twitter theroberthart or email me at rhartforbes.com
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