UK, EU leaders to discus Brexit, free trade talks. Shares, oil prices sink after Trump tests positive for virus. Inflation slump in Europe could presage more stimulus.
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Friday, October 2nd |
Good Morning The 4th quarter of trading in 2020 got off to a rocky start. Although the major indices began the day firmly in positive territory some of the gains were given up by the end of the day. Uncertainty over a seemingly endless stimulus negotiation had the markets first up and then down in what was an otherwise uneventful trading session. On days like these, it is easy to lose sight of the bigger picture and that can be detrimental to investing success. Looking at the bigger picture, the economic data continues to firm. The weekly jobless claims figures fell for the 6th straight week and are not at their lowest levels since the spring. Other data from the labor market, the much lesser-watched Challenger Gray & Christmas report on layoffs and hirings, shows hiring surged in September. According to their data, the number of planned new hires jumped by nearly 1 million making the YTD total more than double the previous year's all-time record. |
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The Early Bird Stock Of The Day Whirlpool Corporation manufactures and markets home appliances and related products. It operates through four segments: North America; Europe, Middle East and Africa; Latin America; and Asia. The company's principal products include refrigerators, freezers, ice makers, and refrigerator water filters; laundry appliances and related laundry accessories; cooking appliances and other small domestic appliances; and dishwasher appliances and related accessories. It also produces hermetic compress... | | |
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