Investors brace for another volatile week with President Donald Trump's hospitalization adding more uncertainty to the market outlook ahead of Election Day.
Trump was transferred to the Walter Reed National Military Medical Center on Friday after he was given antiviral drug remdesivir. Trump's physician, Dr. Sean Conley, said Sunday that his condition has improved and may be discharged as soon as Monday.
"This announcement added yet another level of uncertainty to the election...an election that is in itself one of the many uncertainties surrounding the stock market," Matt Maley, chief market strategist at Miller Tabak, said in a note on Sunday. After Trump's diagnosis, Joe Biden opened his widest lead in a month in the presidential race with 51% those polled backing him and 41% voting for Trump,A win for the former vice president in November could spell headaches for Wall Street in the form of higher taxes and tighter regulations, but some also say it could lead to a bigger fiscal stimulus deal that would be good for stocks.
Pelosi on Friday called on the industry to delay furloughs, saying relief for airline workers is "imminent."
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