U.S. Stocks Close Higher as Investors Eye Stimulus Talks
Shares rose as economic data showed an improving economy and investors monitored negotiations in Washington over a fresh stimulus bill that could further support the recovery.
U.S. Home Sales Rise to New 14-Year High
Sales of previously owned homes rose 9.4% in September, bolstered by robust demand and a shortage of homes for sale that is making the housing market one of the brightest spots for the U.S. economy.
Wall Street Profits Soar During First Half of 2020
Wall Street profits jumped 82% in the first half of this year, a rare bright spot for the city and state's pandemic-ravaged budgets.
Turkish Lira Slides to Record Low as Central Bank Holds Fire
Central bank keeps interest rates unchanged, disappointing investors who believe higher rates would help to tamp down persistent inflation.
Jobless Claims for Month So Far Fell to Lowest Levels Since March
Filings for jobless benefits fell to 787,000 last week, a sign of a pickup in the labor market. The report includes revisions from California that reduced the number of claims in October, with claims for the week ended Oct. 3-767,000-marking the lowest since mid-March.
China Economic Rebound Pushes Copper Prices to Multiyear High
The industrial metal, seen as a proxy for global growth, has surged on stronger demand and anticipation that the world's transition to electric vehicles will drive further consumption.
New U.S. Coronavirus Cases Surpass 60,000 for Second Day
The more than 62,000 new infections bring the total number reported in the U.S. to 8.34 million. More than 222,000 people have died in the country.
Coronavirus Stimulus Vote Could Come After Election Day
White House officials and House Speaker Nancy Pelosi opened the door to passing a coronavirus relief package after the election, a signal that time and political will has likely run out to enact legislation before then.
Pandemic Boom Stocks Don't Have Earnings to Support Them
Much of the value of the winners of the pandemic stock market like Apple, Alphabet and Twitter lies in the hope of earnings many years in the future. But that means they are more exposed to the unexpected threats that will emerge given more time.
Oilfield Services Look Beyond Oil
The companies have made good progress on cost cuts and are considering their next steps.
(END) Dow Jones Newswires