AMD, Xilinx, Trump, Stimulus – 5 Things You Must Know Friday


Here are five things you must know for Friday, Oct. 9:

1. — Stock Futures Rise as White House Open to Bigger Aid Bill

Stock futures traded higher Friday after President Donald Trump signaled he wants a comprehensive aid package, reversing a decision he made earlier this week to call off U.S. stimulus negotiations.

Contracts linked to the Dow Jones Industrial Average rose 95 points, S&P 500 futures were up 13 points and Nasdaq futures gained 36 points.

Treasury Secretary Steven Mnuchin has told House Speaker Nancy Pelosi that Trump wants agreement on a large-scale stimulus package, a Pelosi spokesman said. Trump had ordered his representatives on Tuesday to halt talks until after the Nov. 3 presidential election because he said Pelosi was negotiating in bad faith. 

“The on-and-off nature of the fiscal stimulus discussion in the U.S. hardly inspires lasting confidence,” said Mizuho Bank. “Uncertainty around the presidential election on 3 November will likely persist not only through to polling day but possibly after.”

Stocks ended higher Thursday as Wall Street parsed the mixed signals about a stimulus package from Trump and Pelosi. Pelosi said Thursday she wouldn’t agree to a stand-alone relief bill for airlines without a guarantee that a more comprehensive package would be addressed.

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