Solid earnings also helped offset a report from the Commerce Department which showed the U.S. economy grew at a 2% annualized rate in the third quarter as COVID-19 infections flared up, short of the 2.7% estimate, while another set of data showed fewer Americans filed new claims for unemployment benefits last week as the labor market slowly improves.
Earnings reports have helped advance in the benchmark S&P index in 10 of the previous 12 sessions, with analysts now expecting profits for S&P 500 companies to grow 38.6% year-on-year in the third quarter.However EBay Inc
Why aren't Democrats promoting this? By collectively touting the rise in the market and emphasizing the growth in 401k's, Dems can show how they're helping to reward the working class. This is low hanging fruit from a messaging standpoint.