S&P 500, Nasdaq rise after upbeat economic data

FILE PHOTO: The New York Stock Exchange is pictured in the Manhattan borough of New York City, New York, U.S., October 28, 2020. REUTERS/Carlo Allegri/File Photo

“But it remains to be seen if that can provide any catalyst given that it’s not really capturing the slowdown we’ve seen in the past few weeks and we’re coming off of a dismal Q2 read.” Stalled efforts in Washington over fresh stimulus and an alarming rise in COVID-19 cases globally have put Wall Street’s main indexes on course for their worst week since March.

At 09:50 a.m. ET, the Dow Jones Industrial Average fell 69.30 points, or 0.26% to 26,450.65 and the S&P 500 gained 4.99 points, or 0.15% to 3,276.02.

Dow Dow futures 500point jump from probable support level mentioned in yday tweet

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Dow just 25 points up right now.

These numbers are useless seeing as how the stock market does not represent our actual economy, which is in shambles

Upbeat data? What? If you’re talking about GDP, that should already be priced in. Market is up on stimulus narrative by ECB.

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