Stock Futures Drop on Coronavirus Uptick, Fading Stimulus Hopes

By Anna Hirtenstein Close Anna Hirtenstein Oct. 26, 2020 6:01 am ET U.S. stock futures and oil prices fell Monday, as coronavirus cases surged in the U.S. and Europe, adding to worries about the economic outlook after Congress and the White House failed to agree on a much-anticipated fiscal stimulus deal.

“It’s a worrying picture for sure. You may have to account for the possibility that by midwinter, there might be circuit breakers implemented,” including stringent short-term shutdowns, said David Stubbs, head of investment strategy at J.P. Morgan Private Bank. “But we always knew this recovery would be stop-start: we won’t be truly moving into the main part of a new cycle until the health care issue itself is dealt with.

He has sold off longer-dated U.S. Treasurys, U.S. stocks and dollars ahead of the election, and instead bought Chinese equities and exchange-traded funds.

The stock market 📉 shows the future of the country, going down.

People don’t get it-course if Pandemic is the course of economy.

Not a worry just speak to MariaBartiromo and foxandfriends to them its ok for Americans to die from this virus because that supports Trump

Wonder if the news that there will be no attempt to subdue the virus is worrying investors

Big green by EOD bullish

This Is THE Biggest Cover-Up In The History Of Politics...Its Very Clear (That Biden Has Some Medical Issues) Yet The Dems And Media Say NOTHING!!!)...

Glass half full, more covid cases and shutdowns = more Federal stimulus which is good for the market.

Fear panic, more fear, more panic!

Look at that. 1 week before the election. Shocking

Or maybe the polls show JoeBiden ahead.

They fell because of what Biden said. Jeez take an economics class

vote biden harris

Trump is bad for the economy. Pass it on.

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