Markets Fret Over Sanders’ Role As Head Of Budget Committee, Stocks Flat As Investors Brush Off Impeachment Plans

SourceForbes
SectorEconomy
CountryMiddle east

Topline All the major indexes are once again roughly flat near their record highs as investors continue to eye a Thursday stimulus announcement that should help calm uncertainty over the incoming administration's policy agenda–and what that could mean for stocks. Sen. Bernie Sanders (I-Vt.) delivers an address on threats to American democracy at George ... [+] Washington University on September 24, 2020.

Getty Images Key Facts Shortly after the market open, the Dow Jones Industrial Average was up just 14 points, or less than 0.1%, while the S&P 500 and tech-heavy Nasdaq fell 0.2% each. Though they were on track for gains, stock futures slipped in the early morning due to some "likely anxiety about the upcoming [administration's] economic agenda," said Vital Knowledge Media Founder Adam Crisafulli, pointing to a late-Tuesday report from the New York Times about the role progressive Sen. Bernie Sanders (I-Vt.) could play in fiscal policy after Inauguration Day.  That's when the progressive senator is set to start heading up the powerful Senate Budget Committee, which oversees the massive federal ...read more...