After September’s 5.2% correction, stocks exhibited strength in October, with the S&P 500 returning an impressive 6.9% for the month. Better than expected earnings numbers from tech names helped lift the Nasdaq by 7.3%. The Dow also gained amid heightened activity, ticking 5.8% upward in October.
Stocks were flat to start the day as investors anticipated a number of potentially market-moving events. Aside from a host of earnings updates, results from the FOMC meeting will be announced tomorrow, and on Friday, October payrolls will be reported. With stocks in record territory, some analysts...
Stocks were flat this morning after Fed commentary helped lift stocks to fresh record highs in yesterday’s session. The central bank said the U.S. economy is now strong enough to handle an unwinding of pandemic stimulus. The Fed plans to begin tapering its emergency bond-buying program later...