AllMarket Update
logoArgusOctober 07, 2020

Market Update: MDRX, KHC

Sector(s)
Healthcare, Consumer Defensive
Summary

Stocks rose strongly on Wednesday morning, recovering from the late Tuesday selloff driven by President Trump's abrupt decision to end fiscal stimulus talks with House Democrats. The president subsequently called for a series of smaller piecemeal measures, including aid for the airline industry, an approach that the Democratic leadership has already rejected. The Dow rose 1.6%, the S&P 1.4%, and the Nasdaq 1.5%. Crude oil traded near $39.50 per barrel, while gold fell $19 to $1890 per ounce.

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