Here's what happened to the stock market on Monday

by Raphael Stevens 12 October 2020, 20:11 109 Views

Dow Jones Industrial Average surges 250 points

Apple pops ahead of iPhone launch

Stimulus talks continue

Monday’s rally came even as chances for another round of stimulus before the election appeared to dim over the weekend. Both House Speaker Nancy Pelosi, D-Calif., and Senate Republicans pushed back on a $1.8 trillion offer from the White House. Despite the impasse, Morgan Stanley’s Mike Wilson thinks “there’s enough stimulus in the pipeline for now to kind of get us through year-end.”

What happens next?

The corporate earnings season is set to kick off on Tuesday as JPMorgan Chase, Citigroup and Delta Airlines release their latest quarterly results.

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Source: Finance - cnbc.com

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