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Jimmy & Rosalynn Carter Make Rare Public Remarks to Endorse Joe Biden During DNC's Second Night

Here's what happened to the stock market on Tuesday

The Dow dropped 66.84 points, or 0.2%, to 27,778.07. However, the S&P 500 climbed 0.2% to a record high of 3,389.78. The Nasdaq Composite advanced 0.7% to 11,210.84. The S&P 500 broke out to an all-time high, completing its recovery from the coronavirus sell-off.

Record high for S&P 500

The S&P 500's move into record territory came after more than a week of flirting with the milestone. "There has been a lot of good news seemingly validating" this move higher, said Andrew Slimmon, managing director at Morgan Stanley Investment Management. However, Slimmon added the market is currently "very vulnerable to some type of bad news," citing the S&P 500's narrow leadership on toward the record high.

Amazon leads rest of FAANGM higher

Amazon shares popped more than 4% to lead other major tech names higher. Alphabet advanced 2.6% and Facebook closed 0.5% higher. Apple and Microsoft each rose more than 0.5% and Netflix gained 2%.

What happens next?

The minutes from the Federal Reserve's meeting in July are set for release on Wednesday.

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Hillary Clinton Throws Shade At James Comey’s ‘Elect More Women’ Tweet

Looks like a couple of male politicians chose to celebrate the 100th anniversary of the passage of the 19th Amendment by being clueless.

To mark 100 years since women won the right to vote, Donald Trump pardoned Susan B. Anthony for attempting to vote in 1872 even as he attempts to disrupt the November election by preventing the U.S. Postal Service from processing election ballots.

Former FBI Director James Comey also chimed in with a celebratory tweet suggesting that America needs more female politicians.

Comey may consider himself a sincere supporter of women’s rights, but his tweet didn’t impress many Twitter users, especially given that his handling of the probe into the emails of then-candidate Hillary Clinton may have helped Trump win the 2016 presidential election.

Some Twitter users tried to let him know nicely.

Others were more direct.

One man reminisced about the good old days.

One person imagined how the 2016 Democratic presidential nominee reacted to Comey’s tweet.

However, Clinton’s own response said volumes without saying a word.


Mali’s president resigns and dissolves parliament

Mali’s President Ibrahim Boubacar Keïta has resigned, after being detained by soldiers on Tuesday, state TV reports

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Pound’s Rally Erases 2020 Losses Against the U.S. Dollar

The pound extended its advance to a fifth day, erasing this year’s drop against the dollar.

The currency rose as much as 0.2% to $1.3265. The Bloomberg Dollar Spot Index has fallen around 10% from late March when the Federal Reserve acted to provide dollar liquidity in the virus-induced global market panic.

”The dollar is doing most of the heavy lifting for the pound,” said James Athey, a money manager at Aberdeen Standard Investments. “Sterling is still cheap as chips. Everyone has problems, most of them huge, but UK PLC has fewer than most.”

It’s a dramatic turnaround for sterling, which plummeted in March to the lowest level in more than three decades. Outflows from the dollar have helped the currency rally, despite the possibility that the nation will transition out of the European Union without a trade deal.

Other Group-of-10 peers erased their losses against the dollar earlier in the year, with the euro and the Australian dollar now stronger against the greenback.

New Zealand domestic coronavirus cases drop to five

WELLINGTON (Reuters) – New Zealand said on Wednesday that it had five new cases of coronavirus in the community, and one in managed isolation facilities.

Prime Minister Jacinda Ardern said the drop in cases indicated the country was not seeing a surge of COVID-19 in the community. There were 13 cases reported on Tuesday.

“The roll out of our resurgence plan is working as we intended,” Ardern said, adding there was no intention to raise the level of restrictions in Auckland.

Jimmy & Rosalynn Carter Make Rare Public Remarks to Endorse Joe Biden During DNC's Second Night




He and Mrs. Carter didn't travel to the late Rep. John Lewis' funeral in late July because of concern for the couple's health amid the pandemic. In place of an appearance, the Carters sent written remarks to be read during the services.

The former first couple's video appearance on Tuesday night marked the first time the former president has appeared at a convention since 2012, when he similarly recorded a speech that was shown during the second night of that year's send-off for incumbent President Barack Obama.

President Bill Clinton also spoke Tuesday night, while Obama will headline Wednesday night's lineup of speakers.