U.S. stocks advanced on Thursday as investors moved into technology heavyweights ahead of their earnings reports, while upbeat U.S. domestic economic data eased concerns about surging COVID-19 cases.
The rebound came after a more than 3% slide a day earlier in Wall Street’s major indexes, underscoring heightened market volatility ahead of the presidential election next week.
Apple Inc, Amazon.com Inc and Alphabet Inc rose before their results, due after the closing bell. All three companies have seen demand surge for their products and services from people stuck at home during the pandemic.
Apple, one of the most actively traded stocks on Nasdaq, jumped 4.6%…
Sentiment also got a boost from data showing the U.S. economy grew at a record pace in the third quarter after the government poured out more than $3 trillion of pandemic aid. A separate report showed weekly unemployment claims fell last week.
MacDailyNews Take: Just over an hour to go until we all know how Apple did in their fiscal 2020 fourth quarter. The upbeat U.S. economic data reported today bodes well. Apple is expected to report earnings of $0.69/share on $63.72 billion in revenue.
The Russians are responsible.
Aren’t they always? 🤣
As long as you are not dumb like the Trumpet clan, don’t answer the call if Boris and Natasha are on the other end of the line no good will come of it.
The biggest question on November 4th from the mainstream media: Where did all the Democrat voters go?
Answer: Almost all Democrats had already voted by mail or early in person prior to Election Day. Republicans set records in Election Day voting percentage leads over Democrats.
Do you get a consolation prize for setting the Election Day record after you have already lost the popular vote and electoral college in early voting?
You win the U.S. Presidency by amassing the most electoral votes.
No other way.
By winning the election, President Trump gets four more years!