US stocks head higher at the end of another bumpy week

FILE - In this Wednesday, Oct. 14, 2020 file photo, the American Flag hangs outside the New York Stock Exchange in New York. Stocks are opening higher on Wall Street, putting the market on track to end a choppy week of trading slightly higher. If the gains hold, the S&P 500 would mark its third straight weekly gain. In the first few minutes of trading Friday, Oct. 16 the benchmark index was up 0.4%.

Stocks are heading higher in early Friday on Wall Street, placing the market on track to close out a choppy week of trading with modest gains. more than expected in September. Energy stocks lagged the most as the price of U.S. crude oil fell 1.8%.The Dow Jones Industrial Average was up 234 points, or 0.8%, to 28,730 as of 10:16 a.m. Eastern time. The Nasdaq composite was up 0.7%. The Russell 2000 index of small-cap stocks was down 0.1%.Stocks have been mostly climbing this month, but pulled back early this week as ongoing talks between Democrats and Republicans on an economic stimulus package failed to deliver results.

But Friday’s retail sales report provides some encouragement, suggesting Americans’ appetite for spending remained solid last month. The Commerce Department said retail sales rose 1.9% in September, the fifth straight monthly increase.in Europe, the Americas and parts of Asia, gave traders reason to turn cautious this week. The new caseloads have led governments in France and Britain to impose new restrictions aimed on containing the outbreak.

Hope of a Biden Presidency

I guess the 890K new unemployment claims reported yesterday deserves fine print. 800k new claims per week for 7 month will soon get attention, wall street be damned.

But I thought orange man bad

Why is the stock market doing so well when so many Americans are struggling?

Yet, more are losing jobs and $ so are the books cooked?

TheCrippledArewalking It is powerful in the blood of JESUS!! The healing of the crippled raised by the powerful decree of the MIGHTIEST MIGHTIEST PROPHETS of YAHWEH .

More than what was expected is always the case. Maybe they are not experts ...

Oh so happy for Wall Street to bad the average American is barely getting by.

1,000,000 Americans filed unemployment claims this week.

The markets were reassured by the Biden townhall meeting. Decent chance things will get better after January

But do stocks equal jobs?

Call it what it really is, a giant casino that's also a big money-laundering operation.

Yea, because stocks indicate how well we are ALL doing, right?

Oh if only the stock market had anything to do with the economy.

Headline should read 'stocks open higher on strong Biden Town Hall performance' but TeH mAiNsTrEaM MeDiA iS LiBrUl

Trump messed up our economy so bad there is nowhere to go but up

thanks

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