“U.S. Stocks Rise as Earnings Roll In; Bonds Climb: Markets Wrap”
October 22, 2019
“The S&P 500 Index traded above 3,000, approaching its all-time high. Biogen Inc. surged on news it will ask U.S. drug regulators to approve an experimental Alzheimer’s therapy. The U.S. dollar fluctuated…
It’s a huge week for earnings, with around one-fifth of S&P 500 members due to report their results. So far the numbers have generally surprised to the upside, reassuring investors that companies are weathering slowing growth and the trade war. All the same, analysts are cutting estimates for next year as the dispute between the world’s biggest economies continues to take a toll…”