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Stock Market Today: Dow, S&P Live Updates for Oct. 22, 2020

Concern For The 2020 Tokyo Olympics As The Coronavirus Spreads

Photographer: Clive Rose/Getty Images 

U.S. equity futures retreated and the dollar edged higher following a report that Russia and Iran have attempted to interfere in next month’s presidential election.

S&P 500 futures dropped after a volatile session Wednesday amid signs that a U.S. stimulus package is unlikely to become law before next month’s election. Australian shares also fell and Japanese equity futures dipped. House Speaker Nancy Pelosi continued talks with White House representatives even as the odds remained long for a deal that could pass in the Senate. The yield on 10-year Treasuries closed above 0.8% at the highest since June. The offshore yuan continued to strengthen.

Elsewhere, the pound jumped after European Union chief Brexit negotiator Michel Barnier said a deal is within reach. Copper traded near a two-year high on supply disruptions in Chile. Oil dropped to $40 a barrel in New York after an industry report pointed to a surprise increase in American crude stockpiles.

The 3400 level in S&P 500 becoming key technical support

Read More: Stock Market Today: Dow, S&P Live Updates for Oct. 22, 2020

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