Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Wednesday, October 20, 2010

Wednesday

U.S. stocks jumped today, erasing most of yesterday's losses. A positive outlook from the financial sector and a flood of strong earnings from airlines and other bellwethers gave investors reasons for optimism. Materials and energy stocks were two of the best performing sectors, a day after both were overwhelmed by fears over Beijing's attempts to slow the world's second-largest economy. Transport stocks also soared after a trio of airlines reported strong earnings. DJIA +129.35 Nasdaq +20.44 S&P 500 +12.27.