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Investing.com — You’re not alone if you’re getting tired of the stimulus story.
Markets cut back gains after U.S. House Speaker Nancy Pelosi said she would not back airline relief without a broader coronavirus aid package. American Airlines (NASDAQ:AAL) told CNBC it would be forced to terminate service to some U.S. markets without aid from Congress. Airlines initially dropped and then inexplicably rose again.
Oil prices rose, pulling up energy stocks as a hurricane heads for Louisiana and Texas. Tech did its usual and those beloved companies also traded higher.
Market favorite Tesla (NASDAQ:TSLA) also increased after getting a Street-high price target of $578.
Here are three things that may move markets tomorrow:
1. Time to harvest
The U.S. Department of Agriculture will be out with its closely watched World Agricultural Supply and Demand (WASDE) report at 12:00 PM ET (1600 GMT). Last quarter saw the biggest surge in agricultural raw materials since 2016.
2. Bank earnings ahead
JPMorgan Chase & Co (NYSE:JPM) helps kick off earnings season next week, but before then we’ll get to hear from CEO Jamie Dimon as he headlines the annual Nisca conference. He’ll be speaking in an online fireside chat to the mutual fund industry trade group.
3. Here comes Delta
Hurricane Delta may hit Louisiana on Friday, and may extend over part of Texas, CNN reported. Delta is a record-breaking storm after slamming into the Yucatan and may bring a “life-threatening” storm surge of up to 11 feet in some places and dangerous winds to the U.S. Gulf Coast.
