The major benchmarks closed higher today, with the Dow finishing up in triple-digits for the third-straight day and marking its best week since August. The Nasdaq and S&P 500 also closed in the black, with the former scoring its best week since May, and the latter its best week since June. This volatile week of updates has investors listening for the next federal stimulus announcement, with Treasury Secretary Steven Mnuchin today presenting House Speaker Nancy Pelosi with a $1.8 trillion counteroffer to the Democrats’ $2.2 trillion package — already approved by U.S. President Donald Trump.

Continue reading for more on today’s market, including:

  • Sports betting giant could see further outperformance. 
  • Two stand-out real estate stocks with attractive options. 
  • Plus, the most recent Schaeffer’s Market Mashup; analysts chime in on semiconductor stock; and the video communications service rising once again.


The Dow Jones Industrial Average (DJI – 28,586.90) gained 161.4 points, or 0.6% today, adding 3.3% for the week. Microsoft (MSFT) rose to the top of the Dow with a 2.5% win, while IBM (IBM) landed at the bottom with a 2.8% loss. 

Meanwhile, the S&P 500 Index (SPX – 3,477.14) added 30.3 points, or 0.9% for the day, and 3.8% for the week, while the Nasdaq Composite (IXIC – 11,579.94) tacked on an 159 points, or 1.4% for the day, and 4.6% for the week.

Lastly, the Cboe Volatility Index (VIX – 25.00) lost 1.4 points, or 5.2% for the day, and 9.5% for the week.

Closing Indexes Summary Oct 9
NYSE and Nasdaq Stats Oct 9
  1. The National Football League is currently investigating teams for COVID-19 safety protocol violations while making an effort to tighten restrictions. This expert is discussing his expectations in regard to the rest of the season. (CNBC)
  2. Hurricane Delta is bearing down on Louisiana. With Hurricane Laura still

Duration: 02:55

Two Florida hunters broke a state record on Friday, October 2, removing the largest Burmese python to date from an Everglades swamp. Ryan Ausburn and Kevin Pavlidis pulled the 18 foot, 9 1/4 inch Burmese python out of the water. Ausburn can be seen wrestling the snake and holding the upper part of its body. Pavlidis helped Ausburn carry the snake to a dirt road and untangled his partner when the massive reptile began to coil around him. Photographer Angela Scafuro filmed the eye-popping capture. Speaking to Storyful, Scafuro said there was “a rush of adrenaline” to seeing the men catch the python. She added that she was surprised when her video got 10,000 views online. Florida Fish and Wildlife, which encourages killing pythons, confirmed that the 104-pound snake broke the state record. “The removal of this female snake is a triumph for our native wildlife and habitats … working toward our goal of removing nonnative pythons,” the agency said. The Burmese python is an invasive species that has been destroying the native wildlife populations in the Everglades. According to local media, Ausburn, who makes a living catching pythons and making products with the skins, said he has probably captured a couple hundred snakes since joining the Water Management District python elimination program a couple of years ago. He was hired last year to make footballs made of python skin for the Miami Super Bowl. Credit: Angela Scafuro via Storyful

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Video: Welfare recipients eligible for two cash payments of $250 (ABC NEWS)

Welfare recipients eligible for two cash payments of $250

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By Paulina Duran



a sign in front of a tall building in a city: FILE PHOTO: The logo of the National Australia Bank is displayed outside their headquarters building in central Sydney


© Reuters/DAVID GRAY
FILE PHOTO: The logo of the National Australia Bank is displayed outside their headquarters building in central Sydney


SYDNEY (Reuters) – National Australia Bank , the country’s third largest lender, has admitted to misleading customers more than a thousand times in a lawsuit accusing its financial planners of charging fees for no service, according to court documents.

According to an Oct. 2 document on agreed statements of facts and admissions filed with the Federal Court, the bank admitted to some but not all of the accusations levelled at it by the Australian Securities and Investments Commission (ASIC).

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NAB clients received written statements that contained service representations that were “misleading or deceptive or likely to mislead or deceive” on 1,485 occasions, the document said.

On another 225 occasions, the bank failed to provide clients with fee disclosure statements in a timely manner as required by law, it also said.

In December 2019, the regulator accused NAB of 8,927 cases of fees for no service and 3,420 instances of unconscionable conduct. ASIC said the fees were even charged to customers during 2018 Royal Commission hearings into misconduct in the financial sector, at which the bank’s executives defended the practice.

The bank declined to comment on the case – the second ‘fees for no service’ case brought against it by ASIC. Last month, Australia’s federal court fined pension funds run by NAB A$57.5 million ($41 million) for charging fees with no service to thousands of retirees.

The bank began implementing a program in December 2018 to refund financial planning clients who had paid fees but not received the required