The Fed is expected to cut rates again at this week's meeting
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| | | 10/28/2019 | |
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| S&P Hits New High on Sunny Earnings Reports, China Optimism | | By Lillian Currens | | Stocks surged today, as an influx of well-received earnings reports from Spotify (SPOT) and AT&T (T), among others, helped boost investor sentiment. Most notably the S&P hit a record intraday high of 3,044.08, and notched a new all-time closing high. In addition to the earnings optimism, hopes for a U.S.-China trade deal helped buoy Wall Street sentiment. On the Fed front, another 25-basis-point rate cut is expected at this week's meeting. Continue reading for more on today's market, including: - One biopharma stock flashing a bright "buy" signal before earnings.
- The wild options trading behind these 3 red-hot tech stocks.
- Why options bulls are betting on a breakout ahead of Shopify's earnings report.
- Plus, XNET stock pops; GM strike ends; RNG stock gets another bull note.
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