S&P 500 jumps to record high on strong earnings, trade-deal progress

are among the companies that reported stronger-than-forecast profits on Monday. Walgreens and AT&T shares rose 1.5% and 3.3%, respectively. Spotify gained 10.7%.

"The US equity markets have been surprised by the strength of the 3Q results," said Sean Darby, global equity strategist at Jefferies, in a note. "With the US earnings season producing a positive string of results and investors positioning extremely risk averse alongside negative US real interest rates, we believe there is further upside for global equities."

Improvement on the U.S.-China trade front has also lifted investor sentiment recently. U.S. and Chinese officials said they were "Chinese state-run news agency Xinhua also pointed to progress being made on trade. The world's two largest economies have imposed tariffs on billions of dollars' worth of one another's goods since the start of 2018, battering financial markets and souring business and consumer sentiment.

. Apple shares are up more than 10% in October amid optimism around iPhone 11 sales. UnitedHealth has rallied 12.7% for the month through Friday's close, while J.P. Morgan Chase has gained 7.1% amid expectations that interest rates have bottomed. Tech and financials are the best-performing sectors month to date. They are up 3% and 2.2%, respectively, entering Monday's session.Monday's moves come ahead of a highly anticipated Fed meeting later this week. The Fed is largely expected to cut rates by 25 basis points for the third time this year.

Progress on US-China trade, of course! LOL You are part of the problem, DeadMarket

😂😂😂🤣

Tky President Trump

Than you President Trump for another WIN!!!!

That’s great news. It means the Fed will have to cut rates further … I have officially given up. Reason has gone.

greatweet The record set on.... set/set/set They're everywhere and the book is yours!😀😀😀😀😀 esl ingles english ielts toefl toeic kindle books

What is the progress on the trade deal, specifically?

Strong earnings😂😂😂

Anyone want to guess where it's closing though? At this rate it's about to blow through 3050.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

S&P 500 heads for record as earnings reports signal a recession is nowhere near'Of the S&P 500 companies that have reported over the last month, just 32 mention recession on their calls,' says Nick Mazing of Sentieo. And then there is reality... Q1 GDP 3.1% Q2 GDP 2.0 % Q3 GDP forecasted at 1.5% By definition a recession is 2 or more quarters of negative GDP growth. We are not there yet but certainly moving in that direction A LOT of stocks tanked this earnings season with flat and negative revenue growth ?
Source: CNBC - 🏆 12. / 72 Read more »

These are the stocks that led the S&P 500 to the cusp of new recordStrong performances by technology and bank stocks have sent the S&P 500 climbing this month. la razón del alza del S&P 500 y los nuevos máximos...
Source: CNBC - 🏆 12. / 72 Read more »

S&P 500 heads for record as earnings reports signal a recession is nowhere near'Of the S&P 500 companies that have reported over the last month, just 32 mention recession on their calls,' says Nick Mazing of Sentieo. And then there is reality... Q1 GDP 3.1% Q2 GDP 2.0 % Q3 GDP forecasted at 1.5% By definition a recession is 2 or more quarters of negative GDP growth. We are not there yet but certainly moving in that direction A LOT of stocks tanked this earnings season with flat and negative revenue growth ?
Source: CNBC - 🏆 12. / 72 Read more »

These are the stocks that led the S&P 500 to the cusp of new recordStrong performances by technology and bank stocks have sent the S&P 500 climbing this month. la razón del alza del S&P 500 y los nuevos máximos...
Source: CNBC - 🏆 12. / 72 Read more »