A quick rundown of today's market-moving events
U.S. President Donald Trump sent a tweet early in the morning on Friday that he and First Lady Melania Trump had tested positive for COVID-19. As a result, by mid-day on Friday the Dow was down over 150 points; and though it rose toward the latter part of the day, the blue-chip ultimately finished the session 134 points lower. Meanwhile, the S&P 500 and Nasdaq turned in losses as well, despite optimistic unemployment data and news that the $2.2 trillion
Democratic stimulus bill was passed in the House. For the week, however, all three indexes ended in the black.
The Dow Jones Industrial Average (DJI - 27,682.81) fell 0.5% on Friday, but added 1.9% for the week. The S&P 500 Index (SPX - 3,348.42) shed 1% for the day on Friday, and the Nasdaq Composite (IXIC - 11,075.02) lost 2.2% on the day. The indexes each tacked on 1.6% last week. The Cboe Volatility Index (VIX - 27.63) tacked on 3.5% on Friday and ended up 4.7% for the week's trading sessions.
This week, the first full week of October, will jumpstart today quietly with the non-manufacturing Purchasing Managers' Index (PMI) due out for investors to review.
There are no notable earnings due out today, October 5. In lieu of earnings reports today, take a look at
the best and
the worst stocks to own, historically, in the month of October.
Tomorrow, investors will dig into the U.S. Bureau of Labor Statistics' Job Openings and Labor Turnover Survey (JOLTS) job openings data, as well as the weekly crude oil update. The U.S. Energy Information Administration (EIA) will also provide their short-term energy outlook tomorrow.
All earnings and economic dates listed on SchaeffersResearch.com are tentative and subject to change. Please check with each company's respective website for official reporting dates.