Stock Market Overview
Fri, Oct 23rd, 2020
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U.S. Stock Indexes Close Higher on Better-Than-Expected Data and Strong Quarterly Earnings
by Barchart - Thu Oct 22, 3:49PM CDT
The S&P 500 Index ($SPX) on Thursday closed up +0.52%, the Dow Jones Industrials Index ($DOWI) closed up +0.54%, and the Nasdaq 100 Index ($IUXX) closed down -0.02%.
U.S. stock indexes on Thursday recovered from 2-week lows and settled mostly higher. Stocks on Thursday opened lower on reduced chances that U.S. lawmakers will be able to agree on additional pandemic stimulus anytime soon. Stocks were also under pressure from the worsening global Covid pandemic. However, stocks recouped their losses Thursday afternoon and turned higher on better-than-expected U.S. economic data and solid company quarterly earnings results.
Stocks were under early pressure Thursday on the slow pandemic stimulus talks and the slim chances for Congressional passage before the November 3 election. House Speaker Pelosi and Treasury Secretary Mnuchin discussed stimulus plans Thursday, but funding for state and local governments remains the key issue singled out by both sides as a remaining stum... Read more
AP Explains: Why are UK and EU still arguing over Brexit?
LONDON (AP) — It’s more than four years since Britain voted to leave the European Union, and almost a year since Prime Minister Boris Johnson won an election by vowing to “get Brexit done.”
Jill Lawless - AP - 1 hour ago
Asian shares, US futures gain after last Trump-Biden debate
Shares were mostly higher in Asia on Friday after President Donald Trump and his challenger former Vice President Joe Biden faced off in their second and final debate before the Nov. 3 election.
Elaine Kurtenbach - AP - 1 hour ago
Japan, Britain sign free trade deal for post-Brexit era
TOKYO (AP) — Japan and Britain signed a bilateral free trade deal Friday in the the first such major post-Brexit deal, reducing tariffs on Yorkshire lamb sold in Japan, as well as auto parts for Japan’s Nissan plant.
Yuri Kageyama - AP - 1 hour ago
Asian shares, US futures gain after last Trump-Biden debate
Shares were mostly higher in Asia on Friday after President Donald Trump and his challenger former Vice President Joe Biden faced off in their second and final debate before the Nov. 3 election.
Elaine Kurtenbach - AP - 1 hour ago
Automaker Daimler rebounds after lockdowns, raises outlook
FRANKFURT, Germany (AP) — Daimler AG, maker of Mercedes-Benz luxury cars and Freightliner trucks, saw third-quarter profit rebound as the company clamped down on costs and as auto sales surged after the coronavirus lockdowns of earlier in the year.
Associated Press - 17 minutes ago US: Russian hackers targeting state, local networks
WASHINGTON (AP) — U.S. officials said that Russian hackers have targeted the networks of dozens of state and local governments in the United States in recent days, stealing data from at least two servers. The warning, less than two weeks before the election, amplified fears of the potential for tampering with the vote and undermining confidence in the results.
Associated Press - Fri Oct 23, 12:23AM CDT Sectors sorted by Daily Weighted Alpha Change
