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VOL. 44 | NO. 42 | Friday, October 16, 2020
Stocks close higher as companies report solid earnings
The Associated Press
Stocks are closing higher on Wall Street following several solid earnings reports from U.S. companies.
Investors are also monitoring last-ditch efforts in Washington to get more aid for the economy.
The S&P 500 rose 0.5% Tuesday, recouping some of its losses from a day earlier.
Procter & Gamble, Regions Financial and Travelers rose after reporting quarterly results that were better than analysts were expecting.
The Justice Department filed a lawsuit claiming that Google has abused its dominance in online search to stifle competition.
Overseas markets were mixed and Treasury yields held steady. Crude oil prices rose.