Dow Falls 650 Points on Virus Uptick, Fading Stimulus Hopes

U.S. stocks dropped sharply as coronavirus cases surged in America and Europe, adding to worries about the economic outlook after Congress and the White House failed to agree on a fiscal stimulus deal. 


 
Oil Drops on Covid-19 Resurgence, Extra Libyan Crude

Oil prices fell after new coronavirus restrictions in Europe and the speedy return of production in Libya threatened to undermine efforts to chip away at a global glut of crude. 


 
South Korea's Economy Rebounds on Exports

The South Korean economy rebounded in the third quarter on a strong recovery in exports of cars and memory chips after sliding into a pandemic-induced recession. 


 
China Is Far Behind on U.S. Purchases Under Trade Deal

U.S. farm exports to China picked up last month but remain well below bilateral goals set for 2020, as do sales of manufactured goods and energy products. 


 
Investors Pare Bets on Postelection Currency Volatility

Investors are reducing bets on extreme volatility in currency markets around the U.S. presidential election. 


 
JPMorgan Currency Deal Highlights Finance's Green Shift

Green finance is making tracks into foreign-exchange markets, with JPMorgan arranging a type of currency derivative for Italy's Enel that is linked to both companies' sustainability targets. 


 
U.S. Coronavirus Cases Near 84,000 for Second Day in a Row

The U.S. added nearly 84,000 coronavirus cases for the second-straight day, with new infections coming in barely below the daily record set the previous day. 


 
Corporate Defaults Slow, Lifting Debt Market

Fewer major U.S. companies are defaulting on their debt than investors feared just months ago, a boost to corporate bond prices and an encouraging sign for the economy. 


 
ETF Clones Multiply in Industry Fee War

Some of the biggest asset managers are creating cheaper knockoffs of their most popular exchange-traded funds. 


 
Nickel for Electric Vehicles Is a Dime a Dozen

Will the electric-vehicle industry run short of nickel? It is a possibility, but investors shouldn't bet on a cobalt-style rally soon.

(END) Dow Jones Newswires

10-26-20 2315ET