Stocks rise as stimulus hopes remain, social media shines

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Stocks are pushing higher on Wall Street Wednesday as negotiations continue in Washington on more aid for the economy, though prospects remain cloudy that anything can happen soon.

Snap surged 29.7% following its quarterly profit report. In its wake, Twitter jumped 7.3% for one of the biggest gains in the S&P 500, and Facebook rose 5.2%.

It’s a rare disappointing report in what’s so far been a much better earnings season than Wall Street girded for. Roughly one in six of the companies in the S&P 500 index has reported its results for the July-through-September quarter, and most have topped the low expectations analysts had set. The two sides have been making progress, House Speaker Nancy Pelosi told her Democratic colleagues in a letter late Tuesday. She said she hopes discussions will continue, past a self-imposed deadline of Tuesday.

 

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Mitch! YOU DECIDED TO KEEP AN INCOMPETENT PERSON IN THE WHITE HOUSE! His continuing FAILURE TO MANAGE THE FEDERAL GOVERNMENTS RESPONSE to the Pandemic HAS NOW resulted in 226,204 DEATHS 1K/D AS 30 Million unemployed lose healthcare WITH RECORD Bankruptcies, Foreclosures&Evictions

A joke if this uptick were not a fraud . Every partially “ good news “ Trumpski tweet / report automatically get the rise . When it is proved to be a scam , a lie - no backtracking occurs. The 1-10% are laughing all the way . And hiding their- FREE Money . “ Capitalism “. Haha

Just so happy Trump kept us safe from foreign wars )

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