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About: http://data.cimple.eu/news-article/ef2dc9d3d4ca90d2be1995d2f690ed89dce8911c64050d4d9f53615f Goto Sponge NotDistinct Permalink

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rdf:type	schema:NewsArticle
schema:articleBody	Wall Street stocks rose early Monday, extending last week's trend ahead of economic data and the start of third-quarter corporate earnings seasons. About 25 minutes into trading, the Dow Jones Industrial Average was up 0.5 percent at 28,720.13. The broad-based S&P 500 gained 0.7 percent to 3,502.25, while the tech-rich Nasdaq Composite Index jumped 1.1 percent to 11,712.34. Wall Street analysts are getting ready for another quarter of lower earnings in the wake of the coronavirus restrictions, with analysts projecting a nearly 23 percent fall in earnings per-share from S&P 500 companies, according to CFRA Research. But the stock market still feels broad confidence that Congress will continue to support the US economy with fiscal spending. While enacting a package looks challenging before the November 3 election, one could come soon after, analysts say. "The narrative coming out of Washington on the next stimulus package is 100 percent 'when and how much,' not 'if,'" said a note from DataTrek Research. "Fiscal stimulus (past and, presumably, future) is giving investors much greater certainty on near-term corporate earnings than is common in recessions." This week's calendar includes earnings reports from JPMorgan Chase and other large banks, as well as Delta Air Lines and United Airlines. There will also be reports on consumer prices and retail sales. jmb/cs
schema:headline	US stocks gain ahead of data, bank earnings
schema:mentions	25 Minutes S&P 500 Index JPMorgan Chase This Week (American TV program) Dow Jones Industrial Average United Airlines Stock market University of Washington Delta Air Lines United States Congress Coronavirus The Narrative CFRA NASDAQ Composite
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-10-12 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	63 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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