AllMarket Update
logoArgusNovember 20, 2020

Market Update: ASH, HAS, INTU, WMT

Basic Materials, Technology, Consumer Defensive, Consumer Cyclical

Stocks were mostly lower on Friday morning as coronavirus cases and hospitalizations continued to surge, and states and cities imposed new measures to help control the pandemic. Treasury Secretary Steven Mnuchin's decision not to extend emergency lending programs beyond the end of the year also weighed on sentiment. Two federal unemployment benefit programs, currently providing assistance to more than 12 million workers, are also set to expire at the end of the year. The Dow fell 0.4%, the S&P fell 0.2%, and the Nasdaq rose 0.2%. Crude oil fell slightly to $41.50 per barrel, while gold rose $12 to $1873 per ounce.

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