Stock Market Overview
Sat, Oct 16th, 2021
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Stocks Close Higher on Solid Q3 Earnings and Strong U.S. Retail Sales
Barchart - Fri Oct 15, 3:49PM CDT
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
China's central bank says Evergrande risks 'controllable'
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.
AP - Fri Oct 15, 7:33PM CDT
Former Boeing test pilot pleads not guilty in 737 Max case
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.
AP - Fri Oct 15, 6:50PM CDT
Company behind Tether 'token' fined $41M by US regulators
The company behind a digital token called Tether has agreed to pay $41 million to settle charges that it misled investors by claiming the token was fully backed at all times by U.S. dollars and other fiat currencies.
AP - Fri Oct 15, 6:03PM CDT
China crackdown on Apple store hits holy book apps, Audible
Amazon's audiobook service Audible and phone apps for reading the holy books of Islam and Christianity have disappeared from the Apple store in mainland China, the latest examples of the impact of the country's tightened rules for internet firms.
AP - Fri Oct 15, 4:01PM CDT
Stocks Close Higher on Solid Q3 Earnings and Strong U.S. Retail Sales
What you need to know… The S&P 500 Index ($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,...
Barchart - Fri Oct 15, 3:49PM CDT
Stocks end higher, giving S&P 500 its best week since July
Wall Street added to its recent gains Friday as stocks closed higher, driving the S&P 500 to its best week since July.
AP - Fri Oct 15, 3:46PM CDT
