The futures tied to the S&P 500, Wall Street’s equity index, continue to trade in the red even though President Trump said a coronavirus vaccine would be announced in weeks during the second Presidential debate.
The futures are trading at 3,443 at press time, representing a 0.15% decline on the day.
While Trump insisted that Covid-19 would soon go away through medical breakthroughs, Democrat Presidential candidate Joe Biden criticized Trump’s handling of the coronavirus crisis and said the man responsible for 220,000 American deaths should not remain as the US President.
As of Friday, Biden is leading in polls. The US bond market is steepening on expectations that Biden would unleash massive stimulus, and the Congress would approve additional fiscal stimulus before the Nov. 3 elections.
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