Markets end choppy week with mixed close after late fade
Stocks closed a volatile week with a mixed finish as the S&P 500 edged up a fraction, the Dow rose about 0.4 percent and the Nasdaq slipped. Retail sales rose in September but industrial production fell 0.6 percent, boosting concerns about the economy and stimulus prospects before the November election.
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Wall Street
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Tom Martin
Global Investments
Retail sales rise for fifth straight month in September
U S retail sales climbed 1.9 percent in September marking the fifth consecutive growth month. Clothing stores led gains up 11 percent while department stores rose 9.7 percent and auto outlets up 3.6 percent. Sporting goods posted a 5.7 percent increase as shoppers bought essentials amid pandemic concerns.
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New York
Uss
U.S. Commerce Department
BMO Capital Markets
Sal Guatieri
U.S
US posts record 3.1 trillion budget deficit in 2020
The 2020 federal budget deficit reached 3.1 trillion dollars, more than double the prior record as revenues fell 1.2 percent to 3.42 trillion and spending surged 47.3 percent to 6.55 trillion amid pandemic relief. The gap was 15.2 percent of GDP, the highest since 1945. Congress remains deadlocked on a new relief package.
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Best Buy
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Sweet
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Mutua
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Dodge & Cox Inc
Fidelity
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Metropolitan West
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Vanguard
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SEC
Aasat Lee Nee
Twitter chief says blocking unverified Biden story was wrong
Twitter CEO Jack Dorsey said blocking links to an unverified Biden story was wrong and the policy was updated to add context. Vijaya Gadde explained hacked-content rules were loosened to permit links but with labels, aiming to prevent harms to journalists and whistleblowers.
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