Tag Archives: COVID

22 Oct

Earnings Drive Markets to Record Highs

October 22nd, 2021 Strong Q3 earnings reports and year-end optimism propelled the S&P 500 to a new high this week. Electric vehicle maker Tesla was among the key reports this week. The company reported record revenue and profits in spite of ongoing supply chain challenges in the automotive industry. Bullish sentiment was also on display…

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15 Oct

Bulls Take to the Street on Earnings Beat

October 15th, 2021 Market bulls stampeded late in the week, boosted by a strong start to the Q3 2021 earnings season. Financial giants Goldman Sachs and Bank of America led the charge, reporting better than expected earnings growth on strong investment banking, trading, and lending revenue. Investors also cheered the September retail sales report which…

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08 Oct

Markets Rally on Debt Ceiling Extension

October 8th, 2021 A short-term debt ceiling extension helped turned market sentiment positive this week. The immediate financial crisis was averted by lawmakers agreeing to raise the debt ceiling limit by $480 billion. That will allow the federal government to continue to pay its bills through December 3rd. In economic news, it was a mixed…

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