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 The number of confirmed cases of the coronavirus illness COVID-19 worldwide climbed above 40 million on Monday, as new infections continued to rise in Europe and the U.S. and experts warned the pandemic could worsen during the cold winter months.
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Optimism that a US fiscal stimulus package might be agreed helps buoy markets
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French-based food and drinks group posted a 2.5% drop in like-for-like third-quarter sales.
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 Stocks opened higher Monday, finding support as investors continued to pencil in the potential for an agreement on a stimulus package from Washington to help cushion the economic blow from the COVID-19 pandemic. The Dow Jones Industrial Average rose 99.28 points, or 0.4%, to 28,705.59, while the S&P 500 was up 0.4% at 3,498.30. The Nasdaq Composite gained 0.5% to trade at 11,728.22. House Speaker Nancy Pelosi, D-Calf., and Treasury Secretary Steven Mnuchin were expected to talk further Monday, according to news reports. Pelosi warned over the weekend that time was running out to complete a deal before the Nov. 3 presidential election.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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The enterprise search specialist is building up an impressive head of steam in the market. Does the business support these skyrocketing share prices?
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 Alicia Levine, BNY Mellon Chief Strategist, joins Yahoo Finance's The First Trade with Alexis Christoforous and Brian Sozzi to discuss what's moving the markets around Monday's opening bell.
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The all-stock transaction would be the largest U.S. oil deal since the coronavirus pandemic began roiling energy markets, as companies seek to bulk up to ride out weak demand and low prices.
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U.S. stocks traded lower Monday afternoon, as investors gauge the odds of a stimulus package getting completed before Nov. 3.
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Gold prices on Monday trade higher to start the week, with talk of a last-ditch effort to strike a deal by U.S. lawmakers on a fresh round of fiscal relief before the 2020 presidential elections helping to drive buying appetite, experts said.
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Shares of Nikola Corp. fell 1.2% in premarket trading Monday, even as J.P. Morgan analyst Paul Coster reiterated his overweight rating on the electric vehicle maker as he tried to assuage concerns that a partnership with General Motors Co. could fall apart. Nikola's stock had tumbled 16.1% on Friday, after Nikola Chief Executive Mark Russell reportedly indicated that the company could manage if GM decides to walk away from the deal, but would cancel plans to produce the Badger truck. Coster said he believes Nikola and GM are still likely to enter a strategic partnership by Dec. 3. "Nikola needs access to GM's supply-chain, engineering resource, the Ultium battery and Hydrotec fuel cells to de-risk the Class 8 truck initiative," Coster wrote in a note to clients. "GM needs to realize a return on billions of dollars of investment in Hydrogen fuel cells, and Nikola might be the best available option." Nikola's stock has tumbled 60.0% over the past three months through Friday, while the S&P 500 has gained 8.0%.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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McAfee Corp. plans to return to the public markets after nearly a decade as a private company, but the security-software company is re-emerging as a structured entity that would take a team of lawyers and accountants to truly explain.
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Pound strength weighed on the FTSE 100, as investors decided that the Brexit deal hopes weren't dead.
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This seems to be a sign the country is on its way back to its pre-pandemic growth trend.
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European stocks moved higher to start the week on Monday, as investors looked to potential stimulus progress from the U.S. and economic data from China that showed a continued recovery for that economy.
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 (Bloomberg) -- Stocks in Europe advanced with U.S. futures amid fresh optimism about progress on stimulus talks in Washington. Treasuries dipped.In Europe, banks and insurers led gains while health care and energy firms lagged. Julius Baer posted one of the biggest jumps after third-quarter inflows accelerated at the Swiss wealth manager.S&P 500 Index futures climbed after the gauge closed higher for a third week on Friday. Speaker of the House Nancy Pelosi set a Tuesday deadline for more progress with the White House on a fiscal deal after lengthy discussions over the weekend with Treasury Secretary Steven Mnuchin.The pound strengthened after a report that officials were prepared to water down controversial Brexit legislation in a move that could revive failing talks with the European Union. While Pelosi said a pre-election deal remains possible, her team sent conflicting signals after setting a 48-hour deadline for progress on Saturday night. President Donald Trump renewed his offer to go beyond the dollar amounts now on the table.Pelosi and Mnuchin spoke at length Saturday night about efforts to finalize a stimulus package to help the U.S. weather the affects of the coronavirus, especially as signs emerge of rising economic strain for millions of Americans and an acceleration in infections."It seems that the market is optimistic that indeed stimulus will follow, whether that is tax cuts under a Trump presidency or spending under a Biden presidency," Ben Emons, Medley Global Advisors managin
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 Mortgage rates fall to a new all-time low supporting the real estate sector. As a result, dire labor market conditions have yet to hit home-buyer demand.
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Chinese payments group's listing could be the world's biggest stock market debut
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 (Bloomberg) -- The fate of additional stimulus for the U.S. economy before next month's election will be decided this week, with House Speaker Nancy Pelosi setting a Tuesday deadline to reach an agreement with the White House -- though it remains doubtful that the Republican-controlled Senate will accept any deal they strike.President Donald Trump said he's ready to match the $2.2 trillion spending levels demanded by Democrats -- or go higher -- despite repeated warnings by Senate Majority Leader Mitch McConnell that most GOP senators will oppose any coronavirus relief package that big."I want at a bigger number than she wants," Trump said of Pelosi during a campaign stop Sunday in Reno, Nevada. "That doesn't mean all the Republicans agree with me, but I think they will in the end."But the price-tag isn't the only obstacle. Pelosi said Sunday on ABC's "This Week" that the two sides are still haggling over language on a national plan to control the virus. Differences also remain on several key issues, including aid to states and GOP demands for an employer liability shield, that have stalled a deal for months.Tuesday's deadline "only relates to if we want to get it done before the election, which we do," Pelosi said, indicating they could continue talking about passing a stimulus measure after Nov. 3.While Pelosi and Treasury Secretary Steven Mnuchin and their staffs press on with negotiations, McConnell is moving ahead with $500 billion Republican-only plan that would renew a small business loan pr
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