Stocks drift on Wall Street amid not-so-bad profit reports

FILE - Pedestrians pass the New York Stock Exchange, Friday, Oct. 2, 2020, in New York. U.S. stocks are drifting on Thursday, Oct. 22, as more big companies report profits for the summer that were better than Wall Street feared.

The S&P 500 was 0.2% higher in early trading. The Dow Jones Industrial Average was edging up by 15 points, or 0.1%, to 28,226, as of 9:50 a.m. Eastern time, and the Nasdaq composite was 0.3% higher. A piece of such a deal could include extra benefits for workers who lost their jobs due to the coronavirus pandemic. A report on Thursday morning showed that 787,000 workers applied forWhile that’s still an incredibly high number relative to history, it’s down from 842,000 the prior week. It also was not nearly as bad as economists were expecting.

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So less bad than expected. What happens when the market has to reflect reality

Wall street wants socialism

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Stocks open higher on Wall Street following solid earningsStocks open higher on Wall Street as traders look over several solid earnings reports from U.S. companies. Procter & Gamble, Regions Financial and Travelers all rose after reporting quarterly results that were better than analysts were expecting.
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Stocks slip on Wall Street over coronavirus stimulus delaysU.S. stocks capped another wobbly day of trading with modest losses Wednesday as Wall Street waited for any signs of progress as lawmakers in Washington negotiate over how to deliver more aid for the economy.
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Netflix Q3 2020 preview: 3 questions from Wall Street post-pandemic - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
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