Trading has been suspended on the Tokyo Stock Exchange because of a problem in the system for relaying market information.
A TV crew films the blank stock board at Tokyo Stock Exchange Thursday, Oct. 1, 2020, in Tokyo. The Tokyo Stock Exchange temporarily suspended all trading due to system problem.
On Wall Street, prospects for additional support from Congress for the economy helped drive the day’s trading, as they have for weeks. The S&P 500 shot to a gain of as much as 1.7% after Treasury Secretary Steven Mnuchin spoke positively on CNBC before his afternoon talks with House Speaker Nancy Pelosi — their first face-to-face meeting in more than a month in a last-ditch effort to seal a tentative accord on an additional round of coronavirus relief.
On Wednesday, the S&P 500 careened between a gain of 0.1% and 1.7% for a total spread of 1.6 percentage points. That was typical for the month, marking the median for September. It’s also twice as wide as the median over the last 10 years, 0.8 percentage points.The tumult has come as the economy’s strong rebound earlier this year following the easing-up of lockdowns has slowed. The number of layoffs has remained stubbornly high.
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