⁍ New infections touched record levels in the United States over the weekend.
⁍ More than 59.1 million Americans have already voted in person or by mail.
⁍ It is also one of the busiest week of third-quarter earnings season.
– With less than two weeks to go until Election Day, investors are keeping a close eye on developments in Washington. House Speaker Nancy Pelosi said Sunday that the Trump administration was reviewing the latest proposal for COVID-19 relief over the weekend and that she expected a response from the White House on Monday, Reuters reports. Meanwhile, new infections touched record levels in the United States over the weekend with El Paso in Texas asking citizens to stay home for the next two weeks. Travel-related stocks that are vulnerable to COVID-19 news including American Airlines and Booking Holdings Inc BKNG.O fell 3% and 2%, respectively, before the bell. Wall Street’s main indexes finished last week lower as investors closely monitored talks over the next round of fiscal package, while economic data pointed at a stalling recovery. US House Speaker Nancy Pelosi on Sunday said the Trump administration was reviewing the latest proposal for COVID-19 relief over the weekend and that she expected a response on Monday. Meanwhile, more than 59.1 million Americans have already voted in person or by mail as President Trump and Democratic challenger Joe Biden enter their final full week of campaigning. It is also one of the busiest week of third-quarter earnings season that will see results from mega-cap US tech firms including Apple Inc AAPL.O, Amazon.com Inc AMZN.O, Google-parent Alphabet Inc GOOGL.O and Facebook Inc FB.O. Of the 135 companies in the S&P 500 that have reported earnings so far, 83.7% of them have beaten Wall Street expectations, according to Refinitiv data.
Source: https://www.reuters.com/article/us-usa-stocks/futures-slip-as-virus-cases-surge-stimulus-uncertainty-weighs-idUSKBN27B18B