Stocks edge higher as Wall Street looks to close wobbly week

The market remains focused on trillions of dollars of potential government aid that could be coming for the economy, as Democrats move forward with their stimulus package.

The muted moves follow several days of minor gains and losses for the broader market, but every major index is still on track for a weekly gain ahead of a long weekend. U.S. stock and bond markets are closed Monday for Washington's Birthday. Investors do not expect the market to move substantially higher in the near term until there's more clarity on the future of government stimulus and the direction of the U.S. economy. Democrats have decided to use a legislative process that does not require Republican support to pass the $1.9 trillion package.

A majority of companies have now reported their latest round of earnings and the results have been surprisingly good. Roughly 75% of companies in the S&P 500 have released results, showing overall growth of 2.8%, according to FactSet. That's a sharp reversal from the 13% contraction analysts had forecast in late September.

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

Asian stocks follow Wall Street higher after tech rallyAsian stock prices followed Wall Street higher on Wednesday following a rally for major tech companies.
Fonte: CTVNews - 🏆 1. / 99 Leggi di più »

Stocks on Wall Street open higher after 3 days of lossesStocks moved slightly higher in early trading Friday, recovering some ground after three straight days of losses. Investors remain focused on the future of the COVID-stricken economy and the potential for more stimulus to fix it.
Fonte: CTVNews - 🏆 1. / 99 Leggi di più »

Global stocks follow Wall Street higher after U.S Federal Reserve pledgeGlobal stock markets followed Wall Street higher Thursday after the Federal Reserve chairman said the U.S. central bank is in no hurry to withdraw support for the economy.
Fonte: CTVNews - 🏆 1. / 99 Leggi di più »

Asian stocks mixed after lacklustre day on Wall StreetAsian shares were mixed Wednesday after Wall Street took a breather, with major indexes edging lower.
Fonte: CTVNews - 🏆 1. / 99 Leggi di più »