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Indices in the USA were Mixed

Indices in the USA were mixed. Indices were mixed due to the expectations for the incentive package negotiations that dominated the country's agenda.

Yazar: Elif Dinçer

Yayınlanma: 22 Ekim 2020 01:56

Güncellenme: 5 Kasım 2024 17:27

Indices in the USA were Mixed Indices in the USA were mixed. Indices were mixed due to the expectations for the incentive package negotiations that dominated the country's agenda. At its opening Wednesday, the Dow Jones index traded at 28,277.64 points, down 0.11 percent. The S&P 500 index fell 0.04 percent to 3,441.80 points, and the Nasdaq index started trading at 11,519.99 points, with 0.03 percent gain. Expectations for the incentive package planned to be implemented within the scope of combating the coronavirus epidemic were effective in the mixed course of the indices. Discussions between the US Treasury Secretary Steven Mnuchin and the Speaker of the House of Representatives Nancy Pelosi on the stimulus package continued yesterday. Speaking on the television program she attended yesterday, Pelosi pointed out that there has been progress in the negotiations on the economic support package and stated that she is "optimistic" about the deal. White House Chief of Staff Mark Meadows stated that the Trump administration and Democrats are on the way in the talks, but that there is "still the way to go" to reach an agreement. Meadows expressed hope to see a deal ahead of the weekend. Making a statement on the subject, analysts stated that the developments regarding the incentive package in the United States and the Beige Book Report to be published by the Fed today will be monitored by the markets.
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