Stock Market Today: Investors Lose Their Nerve as Relief Deadline Nears

Retail sales in September improved by more than expected and a consumer sentiment reading improved, providing the market with a tiny lift Friday.

(Image credit: Getty Images)

Black Monday, it certainly wasn't. But the 33rd anniversary of Wall Street's worst-ever trading day was nonetheless marked with red ink.

Investors continue to eye COVID stimulus negotiations, which now have a deadline. House Speaker Nancy Pelosi has said that an agreement must be reached by Tuesday to get a bill passed before the November elections. (The Kiplinger Letter's up-to-the-minute forecast: Don't count on relief passing the House and Senate prior to Nov. 3.)

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Kyle Woodley

Kyle Woodley is the Editor-in-Chief of WealthUp, a site dedicated to improving the personal finances and financial literacy of people of all ages. He also writes the weekly The Weekend Tea newsletter, which covers both news and analysis about spending, saving, investing, the economy and more.

Kyle was previously the Senior Investing Editor for Kiplinger.com, and the Managing Editor for InvestorPlace.com before that. His work has appeared in several outlets, including Yahoo! Finance, MSN Money, Barchart, The Globe & Mail and the Nasdaq. He also has appeared as a guest on Fox Business Network and Money Radio, among other shows and podcasts, and he has been quoted in several outlets, including MarketWatch, Vice and Univision. He is a proud graduate of The Ohio State University, where he earned a BA in journalism. 

You can check out his thoughts on the markets (and more) at @KyleWoodley.