The uncertainty in the stimulus package has certainly dampened the mood and sentiments across the U.S, following which a red across the global screen was witnessed. Peter Cardillo joins Nayantara Rai and explains the scenarios.
The stocks continue to fall for third straight day and Dow Jones is down by almost 200 points. Peter states that the stimulus package cannot be expected before the elections. The big problem not just in the U.S markets but also in global markets is the fact that the number of COVID cases have spiked up once again. He also adds that the earnings are going to take a back seat because of COVID-19 and unless the stimulus is received, the U.S economy is going to stall.