SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

US markets end higher on stimulus hopes

21 Oct 2020 Evaluate

The US markets ended higher on Tuesday after negotiations on a new round of fiscal stimulus chugged along with the Trump administration and House Democrats continuing to talk. House Speaker Nancy Pelosi, D-California and US Treasury Secretary Steven Mnuchin held talks on Tuesday, her previously imposed deadline for a deal to happen before the election. Pelosi said an agreement could still happen before the election and appeared to play down the Tuesday deadline, saying that a bill would need to be written by the end of the week for it to get through Congress by November 3.

Meanwhile, Chicago Fed President Charles Evans said he was confident the economic recovery would continue apace, but underlined the importance of further government support. Some support also came in on reports that Moderna's coronavirus vaccine could be available for emergency use in December if it gets positive results from interim trial in November further aided sentiment. Besides, stronger than expected earnings reports from Procter & Gamble (PG) and Travelers Companies Inc. (TRV) contributed as well to the firm trend in the market.

Dow Jones Industrial Average rose 113.37 points or 0.4 percent to 28,308.79, Nasdaq gained 37.51 points or 0.33 percent to 11,516.49 and S&P 500 was up by 16.2 points or 0.47 percent 3,443.12.

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through: