Gamestop Keeps Rising, Dow Up 100 Points As ‘Terrific’ Earnings Boost S&P, Nasdaq To New Highs

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Stocks are still tacking on to record highs as earnings continue to show businesses are doing well despite the pandemic's ongoing toll on the broader economy–and the biggest fourth-quarter earnings reports are just around the corner

its coronavirus vaccine candidate results will be released by early next week, reported earnings and revenue that both beat expectations, nabbing $1.7 billion and $22.5 billion, respectively; shares are up 2%., down 2% after beating earnings expectations but falling short on wireless subscriptions, aircraft company, which met sales expectations and outperformed on earnings but is still suffering from spending declines.

On the economic data front, U.S. home prices posted one of the biggest year-over-year increases on record in November, according to afrom S&P Case-Shiller, as red-hot consumer demand continues to be met with a low housing supply across the country. Global markets are mixed Tuesday, with Japan's Nikkei 225 ending the day down 1%, while the United Kingdom's FTSE 100 climbs 0.8% and France's CAC 40 falls 1.6%.

 

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The stock market shows that the top 10% are still doing well and much better than before the pandemic, since they own 84% of the entire stock market ( source Reuters) Income disparity is getting much, much worse. Which is bad for 90% of our nation.

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