AllMarket Update
logoArgusOctober 20, 2020

Market Update: HAL, IBM, JBHT

Sector(s)
Energy, Technology, Industrials
Summary

Stocks rose on Tuesday morning amid hopes for a resolution of the fiscal stimulus stalemate, as House Speaker Nancy Pelosi set Tuesday as the deadline for any pre-election deal with Senate Republicans. Meanwhile, the Justice Department filed a major antitrust lawsuit against Google, and the Commerce Department reported new housing market data. Housing starts for single-family homes rose a strong 8.5% in September, to an annualized 1.108 million units, while starts for multi-family housing fell 16.3% to an annualized 307,000 units. The Dow rose 0.4%, the S&P 0.4%, and the Nasdaq 0.1%. Crude oil traded near $40.50 per barrel, while gold rose $2 to $1913 per ounce.

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