Stock Market Overview
What you need to know…
The S&P 500 Index ($SPX) (SPY) on Friday closed up +0.75%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +1.09%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.63%.
U.S. stock indexes on Friday settled moderately higher, with the S&P 500 posting a 4-week high, the Dow Jones Industrials posting a 5-week high, and the Nasdaq 100 posting a 2-1/2 week high. Strong Q3 corporate earnings results supported gains in stocks Friday along with optimism in the economic outlook after U.S. Sep retail sales unexpectedly rose. Also, airline, hotel, and cruise line stocks moved higher after a White House official said the U.S. will open its borders to vaccinated foreign travelers starting November 8.
Friday’s U.S. economic data was mixed for stocks. On the bullish side, U.S. Sep retail sales unexpectedly rose +0.7% m/m, stronger than expectations of -0.2% m/m. Also, Sep retail sales ex-autos rose +0.8% m/m, stronger than expectations of +0.5... Read more
BEIJING (AP) — China’s central bank said Friday that financial risks from China Evergrande Group’s debt problems are “controllable” and unlikely to spill over, amid growing investor concerns that the crisis could ripple through other developers.
FORT WORTH, Texas (AP) — A former Boeing test pilot pleaded not guilty Friday to charges that he deceived regulators by withholding information about a key system that played a role in two deadly crashes involving Boeing 737 Max jets.
The company behind a digital token called Tether has agreed to pay $41 million to settle charges that it misled investors by claiming the token was fully backed at all times by U.S. dollars and other fiat currencies.
Amazon's audiobook service Audible and phone apps for reading the holy books of Islam and Christianity have disappeared from the Apple store in mainland China, the latest examples of the impact of the country's tightened rules for internet firms.
What you need to know… The S&P 500 Index ($SPX ) (SPY ) on Friday closed up +0.75%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +1.09%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.63%. U.S. stock indexes on Friday settled moderately higher,...
Wall Street added to its recent gains Friday as stocks closed higher, driving the S&P 500 to its best week since July.