As Earnings Roll In Stocks Climb at
According to Bloomberg News, the stocks traded at an all-time high as the manufacturing data,
which is rather disappointing has been overshadowed by the solid corporate earnings. The
treasuries dropped. The S&P 500 regained from sessions lows that are led by the retail and
commodity shares. The Dow Jones Industrial Average attained the 36,000 level for the first time
and a few small caps manifested a modest climb of about 2%.
As per data that has been compiled by Bloomberg, approximately more than 80% of the S&P
500 companies that have reported third-quarter results have overtaken the estimates of Wall
Street. This has paved way for the groundwork for as much as 6% gain ever since the
beginning of the season, the best performance over seven years.
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