US stocks rise as investors weigh latest comments on stimulus progress - Business Insider

Self-taught market wizard Richard Dennis took a $1600 loan and turned it into an estimated $200 million. He shares the 13 trading rules that turned his performance parabolic.

Investors might be placing too much faith in Washington to get a deal done "given the Democrats' reluctance previously to engage in a watered-down approach," said Craig Erlam, a senior market analyst at Oanda Europe. But he added thatUS jobless claims for the week that ended on Saturday, the Labor Department said Thursday. While that was a decline from the prior week's revised figure, it was above the consensus economist forecast of 820,000 claims.

Continuing claims, a measure that tracks Americans currently receiving unemployment benefits, fell to 11 million for the week that ended on September 26. That was better than economists' forecasts of 11.4 million.Goldman Sachs says to buy these 21 stocks poised to deliver the strongest sales growth through year-end

"The trend in cases appears to have flattened again, but we just don't know which way the numbers will move next," Ian Shepherdson, the chief economist at Pantheon Macroeconomics, said in a note. "If cooler weather pushes infections up again as people move indoors, the very modest decline in jobless claims could easily become a renewed spike."

Airline stocks rebounded on hopes that a $25 billion aid measure could keep the companies from laying off tens of thousands of workers. The group retraced some gains after Pelosi threw cold water on the stimulus optimism.

When the Trump administration took over the Obama/Biden administration the Dow was 19,000... Today the Dow is 28,425 under the Trump administration. What you call a booming economy.

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