Stocks End Higher With Earnings in Focus

U.S. stocks climbed after a string of upbeat earnings reports. 


 
U.S. Economy Slowed on Delta Surge, Supply Crunch

The U.S. economy grew by 2.0% last quarter, with the Delta variant and supply issues damping gains. Growth could accelerate during the holidays, analysts say. 


 
Biden Framework for Social-Climate Package Fails to Ease Passage of Infrastructure Bill

The White House's $1.85 trillion framework designed to show progress in the social-spending and climate talks fell short of persuading progressives to quickly approve the parallel, roughly $1 trillion infrastructure bill. 


 
Natural Gas Prices Fall on Putin Order for More Russian Exports

The Russian president told the state energy giant to pump more fuel to Germany and Austria to ease a supply crunch. 


 
Chinese Online Broker Shares Dropped After Criticism From Central Bank

Futu Holdings and Up Fintech fell after a senior official said cross-border online brokerages operating in mainland China were acting illegally. 


 
U.S. Pending Home Sales Unexpectedly Fell in September

The number of houses going under contract in the U.S. declined in September by 2.3% after rising sharply in August, data from the National Association of Realtors showed. Economists were expecting a 1% rise. 


 
ECB, Diverging From Fed, Sticks With Negative Rates

The European Central Bank said it would keep its large monetary stimulus unchanged, and bank President Christine Lagarde stressed the view that a recent rise in inflation would be temporary. 


 
Jobless Claims Fall to New Pandemic Low

Worker filings for unemployment benefits declined last week to their lowest level since the pandemic began, as employers competed for employees in a tightening labor market. 


 
Oil's Topsy-Turvy Moment

Eighteen months after the historic moment when crude oil prices went negative, the market has turned upside down. 


 
Evergrande Crisis All But Shuts Bond Market for China's Junk Borrowers

International bond sales by junk-rated Chinese borrowers have nearly come to a standstill this month, with investors deterred by China Evergrande's difficulties and a string of defaults by smaller property developers.

(END) Dow Jones Newswires

10-28-21 2115ET