Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Indexes  >  USA  >  S&P 500    SP500

S&P 500

(SP500)
Delayed Quote. Delayed USA - 12/01 04:20:01 pm
3662.45 PTS   +1.13%
After hours
0.02%
3663.03 PTS
04:26pGlobal equity markets jump, bonds dip, on hopes of vaccine-led recovery
RE
04:23pGlobal equity markets jump, bonds dip, on hopes of vaccine-led recovery
RE
04:20pWALL STREET STOCK EXCHANGE : Stocks Rise, Giving S&P 500, Nasdaq Fresh Records
DJ
SummaryQuotesChartsNewsHeatmapComponents 
SummaryMost relevantAll NewsNews of the index componentsMarketScreener Strategies

Investors and analysts react to U.S. vice presidential debate

10/08/2020 | 01:21am EST

TOKYO/HONG KONG (Reuters) - Republican Vice President Mike Pence and Democratic vice presidential candidate Kamala Harris sparred on Wednesday in a pivotal debate ahead of the Nov. 3 U.S. presidential election.

S&P 500 index futures rose 0.3% as the debate ended, building on earlier gains of 0.16%.

Public opinion polls and betting markets have shown support rising for Democratic presidential candidate Joe Biden after U.S. President Donald Trump said last week he contracted the coronavirus.

For Reuters' main story on the debate, click on

Analysts' comments

AKIRA TAKEI, GLOBAL FIXED INCOME FUND MANAGER, ASSET MANAGEMENT ONE, TOKYO:

"Pence delivered his messaging better than Trump, but I want to see how Trump performs in the next debate. It may appear that Biden has the lead, but I don't trust the opinion polls.

"The race is neck and neck. Trump will dispute the results and we won't know right away. It could take one or two months.

"Policy will be put on hold. The U.S. economy will fall off a fiscal cliff due to a lack of support. Companies won't be able to maintain employment.

"Equities will become very fragile. A divided U.S. government would worsen the policy outlook. People are on the sidelines now, but Treasury yields will eventually come down."

AYAKO SERA, MARKET STRATEGIST, SUMITOMO MITSUI TRUST BANK, TOKYO:

"Neither side landed a killer blow. Harris could have done more to criticise Trump's handling of the coronavirus. For Pence, it was easy for him to criticise the economic polices that Democrats favour.

"If Trump really does recover from the coronavirus and is able to participate in the second presidential debate, his support could rise and the race could get close.

"For now, Biden maintains his lead. The biggest question is whether the Democrats can take the White House and both chambers of Congress. If so, there will be no policy logjam, which means higher stocks and a higher dollar.

"Anything less would lead to a lot of uncertainty, which is becoming too difficult for markets to price in."

GARY NG, ECONOMIST, NATIXIS, HONG KONG:

"I think this debate didn't change things very fundamentally - of course it was a more polite debate than the previous one - but it didn't change the market's expectations in terms of the result, so there haven't been large movements.

"I think in Asia people are still taking a wait and see approach, and that there will continue to be more volatility ahead of the election date.

QUINCY KROSBY, CHIEF MARKET STRATEGIST, PRUDENTIAL FINANCIAL, NEWARK:

"Does it change the dynamic of the election? No. Obviously markets and voters will be focused on next week and whether or not there will be a presidential debate.

"Questions going into this were, given ages of the presidential candidates, would either one be prepared to be president? Would either one seem presidential in this debate? Following up on betting sites and so on, and just commentary, they both held up quite well given the fascination with the fact that they both represent an old candidate."

KENNY NG, EVERBRIGHT SUN HUNG KAI STRATEGIST, HONG KONG:

"In my opinion, investors are paying attention to the second debate of the U.S. presidential election. At the same time, Asian stock markets are performing mixed, while U.S. stock futures are slightly going up.

"I think the current market will still make further observations on the U.S. election. On the other hand, Biden is currently leading the polls, and the market has begun to digest the expectations of Biden's election."

(Reporting by Stanley White in Tokyo and Scott Murdoch in Hong Kong; Additional reporting by Alun John in Hong Kong and Alden Bentley in New York; Editing by Muralikumar Anantharaman)

By Stanley White and Scott Murdoch


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
DJ INDUSTRIAL 0.63% 29823.92 Delayed Quote.4.81%
NASDAQ 100 1.52% 12455.326441 Delayed Quote.40.48%
NASDAQ COMP. 1.28% 12355.105992 Delayed Quote.36.03%
NATIXIS 4.34% 2.692 Real-time Quote.-34.82%
PRUDENTIAL FINANCIAL, INC. 1.97% 77.11 Delayed Quote.-19.33%
S&P 500 1.13% 3662.45 Delayed Quote.12.10%
SUMITOMO MITSUI FINANCIAL GROUP, INC. -3.59% 3032 End-of-day quote.-24.91%
SUMITOMO MITSUI TRUST HOLDINGS, INC. -4.66% 3051 End-of-day quote.-29.65%
SUN HUNG KAI & CO. LIMITED 1.17% 3.47 End-of-day quote.-6.47%
All news about S&P 500
04:26pGlobal equity markets jump, bonds dip, on hopes of vaccine-led recovery
RE
04:23pGlobal equity markets jump, bonds dip, on hopes of vaccine-led recovery
RE
04:20pWALL STREET STOCK EXCHANGE : Stocks Rise, Giving S&P 500, Nasdaq Fresh Records
DJ
04:19pS&P 500, Nasdaq end at record highs on vaccine optimism
RE
02:51pS&P 500, Nasdaq hit records on vaccine optimism
RE
12:06pS&P 500, Nasdaq start December at peak on vaccine optimism
RE
12:01pWRAPUP 2-U.S. factory activity slows; COVID-19 resurgence hits workers
RE
11:00aTRACKINSIGHT : Risk-on Mood Ahead of Thanksgiving
TI
10:44aGLOBAL MARKETS LIVE: Bank of America, Pfizer, Tesla…
10:36aWALL STREET STOCK EXCHANGE : Stocks Rise, Putting S&P 500 On Course for Fresh Re..
DJ
More news
Chart S&P 500
Duration : Period :
S&P 500 Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends S&P 500
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Top / Flop S&P 500
LINCOLN NATIONAL CORPORATION 49.9 Delayed Quote.5.68%
FLIR SYSTEMS, INC. 40.37 Delayed Quote.5.57%
SIMON PROPERTY GROUP, INC 87.055 Real-time Estimate Quote.5.43%
WESTERN DIGITAL 47.27 Delayed Quote.5.33%
DISCOVER FINANCIAL SERVICES 80.15 Delayed Quote.5.23%
APACHE CORPORATION 12.37 Delayed Quote.-4.03%
S&P GLOBAL INC. 334.32 Delayed Quote.-4.96%
SALESFORCE.COM, INC. 232.58 Real-time Estimate Quote.-5.38%
ETSY, INC. 151.355 Real-time Estimate Quote.-5.82%
IHS MARKIT LTD. 93.6 Delayed Quote.-5.89%
Heatmap :