What to watch today: Dow to fall, coronavirus cases spike and budget deficit soars

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What to watch today: Dow to fall, coronavirus cases spike and budget deficit soars
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A surge in coronavirus cases and deaths is weighing on investor sentiment this morning, with a good chunk of Wednesday's big gains likely to be erased at the Wall Street open.

Democratic Sen. Kirsten Gillibrand, who dropped out of the 2020 presidential race back in August, unveiled her new proposal for

Caterpillar , also a Dow component, was upgraded to buy from neutral at Goldman Sachs , which said that fundamentals for the heavy equipment maker have improved and that Caterpillar now has a favorable risk/reward profile.

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