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News Highlights: Top Global Markets News of the Day

10/30/2020 | 04:16pm EST
Stocks Drop as Dow Has Its Worst Week, Month Since March 

Major U.S. stock indexes slumped, as a sharp selloff in Twitter and Apple shares followed disappointing results.

Fed Again Eases Terms for Main Street Lending Program 

The Federal Reserve announced its latest round of changes to boost participation in its $600 billion lending effort targeting small and midsize businesses.

Supply-Chain Delays Hit Retailer Restocking Efforts 

Supply-chain bottlenecks as a crush of imports heads into U.S. seaports are pinching retailers' efforts to stock up as consumers pick up their spending.

U.S. Oil-Rig Count Rises by 10 in Latest Week, Baker Hughes Says 

The number of rigs drilling for oil in the U.S. rose by 10 in the latest week to 221, according to oil-field services firm Baker Hughes.

U.S. Household Spending Rose 1.4% in September 

U.S. households boosted spending last month as incomes rose, another sign the economy continued recovering into the fall from damage inflicted by the pandemic.

Taiwan Shrugs Off Pandemic to Deliver Surprise Growth 

Successful Covid-19 controls are helping factories feed surging demand for exports in third quarter, while consumers are starting to spend again.

Mexican Economy Rebounded in Third Quarter 

The recovery in industry was helped by external demand for Mexican-made goods.

Gold, Bonds Failed to Protect Investors Amid Stock-Market Swoon 

Investors found few places to shelter when stocks tumbled this week, illustrating the limitations of traditional havens following a run-up in prices across markets.

CDC to Allow Cruise Trips After Ban Expires 

Federal U.S. health officials are lifting their ban on cruise sailings in U.S. waters Saturday, allowing the industry to prepare to restart voyages amid a surge in coronavirus cases around the world.

Eurozone Economy Soars but France and Germany's Lockdowns Cast Covid-19 Shadow 

The eurozone economy grew at a record pace in the third quarter, but has already stalled in the face of a resurgence of coronavirus infections and tough new restrictions, leaving Europe lagging behind the U.S.

(END) Dow Jones Newswires

10-30-20 1715ET

Stocks mentioned in the article
ChangeLast1st jan.
APPLE INC. 0.48% 116.59 Delayed Quote.58.05%
BAKER HUGHES COMPANY 0.00% 19.78 Delayed Quote.-22.82%
LONDON BRENT OIL 1.13% 48.24 Delayed Quote.-27.73%
WTI 1.29% 45.54 Delayed Quote.-26.73%
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