Back to Main

Positive Company Earnings Lift Stocks to Another Winning Session

By: MT Newswires
Posted: 10/29/2013 4:00:00 PM
Referenced Stocks:

U.S. stocks closed higher today, supported by mostly improved Q3 company earnings and expectations the Federal Reserve's Federal Open Market Committee will conclude its two-day meeting tomorrow leaving its $85-billion monthly stimulus efforts in place for the foreseeable future. Nearly all industry sectors in the S&P 500 posted gains, led by shares of consumer staples and technology companies. Energy stocks also flourished despite a small drop in crude oil prices today while financial stocks lagged the broader markets, finishing with slight advances.