Asian shares mixed as U.S. virus aid hopes fade. Global shares mixed as U.S. virus aid hopes fade. Fortunes of China's internet tycoons soar amid pandemic .
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Tuesday, October 20th |
| Good Morning The trading week got off to a shaky start on Monday when an early gain quickly turned sour. The major indices all began the session with gains but they were given up within the first half-hour of trading. At the low of the day, the S&P 500 was down by about 1.75%. The reason for Monday's decline is hope. Hope for another round of stimulus is fading fast leaving investors wondering what will happen now. With election uncertainty in the air and no vaccine for COVID-19 in sight, the only thing to be sure of is volatility. The rest of the week hinges on earnings. This is the first full week of earnings for the 3rd quarter reporting cycle and the calendar is full with over 80 S&P 500 companies on the list. Names like Coca-Cola, AT&T, Netflix, and Tesla are sure to attract attention and may drive volatility if the results are not enough to satisfy a fragile market.  |
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| From Our Partners WSJ reports that Airbnb plans a secret +$18 billion IPO. That means the Silicon Valley giant is keeping details 100% confidential.
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The Early Bird Stock Of The Day Amphenol Corporation, together with its subsidiaries, primarily designs, manufactures, and markets electrical, electronic, and fiber optic connectors worldwide. It operates through two segments, Interconnect Products and Assemblies, and Cable Products and Solutions. The Interconnect Products and Assemblies segment offers connector and connector systems, including fiber optic, harsh environment, high-speed, and radio frequency interconnect products, as well as antennas; power interconnect product... | | | |
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