Stocks Slide Into Friday, Looking To End Two Week Skid

Note: Google's Blogger platform (where these posts are created) has forced all users into their new format, which should still be in Beta. Apologies in advance for any formatting or typographical errors (no spell checker that we could find).

Stocks took another dive on Thursday and are looking to close out the week on a positive note. The major indices are still up for the week, but not by much. A repeat of Thursday's action on the NASDAQ would send that index into the red for the third straight week, while the Dow is already up nearly one percent on the week and the SA&P 500 clinging to a 16-point gain.

Inaction by congress to pass another COVID-related stimulus bill has Wall Street somewhat flummoxed to say nothing for the Federal Reserve, which seemed to be begging for some form of fiscal relief, saying that monetary policy alone could not effectively bring about a meaningful recovery.

Futures are indicating an opening with a very slim upside.

At the Close, Thursday, September 18, 2020:

Dow: 27,901.98, -130.40 (-0.47%)

NASDAQ: 10,910.28, -140.19 (-1.27%)

S&P 500: 3,357.01, -28.48 (-0.84%)

NYSE: 12,948.45, -49.41 (-0.38%)