16.8 C
New York
Monday, April 19, 2021

Democrats Start Taking Up Hillary Clinton’s Challenge to Undercut Biden

- Advertisement -
- Advertisement -

The steep drop in the stock market Thursday, which led to a 1 percent decline on the Standard & Poor’s 500 index, might have seemed surprising given that the Treasury market had been relatively calm throughout the partial government shutdown. The three biggest moving parts of the U.S. stock market all continue to be the health of corporate earnings, the policies of the Federal Reserve, and the outlook for interest rates. And the stocks of the major financial firms, such as Morgan Stanley and Goldman Sachs, have performed fairly well as the government’s actions since the November presidential election have been determined by Republicans. As of the close of trading on Thursday, the market was on track to be up more than 2 percent this year.

Other market players were raising questions about the effect of Biden’s decision to join the 2020 Democratic race. “If Biden is in, it will have an impact, but it is too early to tell how much,” said Paul Mendelsohn, chief investment strategist at Windham Financial Services. “Biden may give some investors pause to consider the election a few months from now, and then decide whether to get involved.”

- Advertisement -

Latest news

It’s Earnings Season, and the Man in the White House Has Been All in

Business data are all clear and urgent.The earnings season — when companies in all corners of the American economy report their profit figures on...
- Advertisement -

United Nations Questions UK Report on Racism

A United Nations panel of independent experts has issued a stinging critique of an official British report into racism.The five-member independent group called the...

How cold weather in Tel Aviv hit a community hard

Sunday saw an unusually high number of sick children out sick, and it seems that a respiratory virus may be behind the epidemic. Still,...

How Afghan Peace Talks Could Be Losing More Than Just Trucks

Kabul, Afghanistan — The bang of heavy metal hitting a railroad carriage sounds out to passengers on a busy street in the northern Afghan...

Related news

It’s Earnings Season, and the Man in the White House Has Been All in

Business data are all clear and urgent.The earnings season — when companies in all corners of the American economy report their profit figures on...

United Nations Questions UK Report on Racism

A United Nations panel of independent experts has issued a stinging critique of an official British report into racism.The five-member independent group called the...

How cold weather in Tel Aviv hit a community hard

Sunday saw an unusually high number of sick children out sick, and it seems that a respiratory virus may be behind the epidemic. Still,...

How Afghan Peace Talks Could Be Losing More Than Just Trucks

Kabul, Afghanistan — The bang of heavy metal hitting a railroad carriage sounds out to passengers on a busy street in the northern Afghan...
- Advertisement -