US stocks continues rally after strong earnings

With elections mostly behind us we can start to focus on fundaments again and those most important ones, coprorate earnings looked really good. On average among S&P500 companies, profit felled only 7,5% compared to 3Q 2019 which is much better than 21% decline which was projected at the end of September. This shows that most of the companies recovered really quickly and could set up good ground for next quater earnings. Leading sectors were giant tech companies, health care and transportation companies such as Fedex and UPS with energy, consumer goods and industrial sectors being on the other end. This can be seen in 3 major indices as Nasdaq is doing the best with S&P 500 being up there as well and Dow Jones Industrial Average lacking behind the most. With prospect of good earnings and Republicans keeping the senate we can continue stock rally into 2021. (Langley, Wall Street Journal)

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