29 July 2020 Market Jitters | Air NZ Passenger Update Global markets were mixed overnight as the US market closed lower (S&P 500 Index -0.7%) as investors remain wary over weakening consumer confidence, disappointing earnings results, and wrangling in the US Congress over a covid-19 aid plan. The big technology names slipped ahead of a massive day for earnings on Thursday. The first of the major earnings releases for the week kicked off poorly as 3M and McDonalds fell after reporting weaker than expected results, with a larger than anticipated drop in revenue. Data released in the morning showed US consumer confidence eased back in July as covid-19 infections flared up across the country with Florida reporting a record one-day rise in deaths, and Texas passing 400,000 cases. Members of Congress are sparring over a $1 trillion aid proposal from Senate Republicans announced on Monday, which may fall short of what...