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Daily Market Update
with JJ Kinahan

5 min read

Stimulus Showdown: Fiscal Deadline Looms Today with Netflix, Snap Earnings in the Wings

(Tuesday Market Open) We’ve all had that dream of missing a deadline, whether it’s about an overdue high school term paper or forgetting to roll an expiring options position. The market is deadline-focused today as Congress faces what could be its final chance to get some sort of stimulus passed before the election. 

The deadline, imposed by House Speaker Nancy Pelosi, probably weighed on stocks during yesterday’s ugly session as comments out of Washington didn’t lend much cheer. The market’s taken a big downturn since last week’s optimism, meaning if there’s good news from the capitol today, stocks may have some upside room. 

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