An uncertain day ended with small gains for benchmark indexes, snapping a two-day losing streak for the Dow Jones Industrial Average and S&P 500. Wall Street held onto those gains through to the close even as General Electric Co. (GE) suffered its worst day since 2009.
JD.Com Inc. (JD) rallied after pulling in $19 billion in China's Singles' Day over the weekend and posting an unexpected profit over its recent quarter. Revenue rose 39% over the three months to September.
NVIDIA Corp. (NVDA) was upgraded to MARKET PERFORM from UNDERPERFORM at BMO Capital after the chipmaker reported a better-than-expected quarter last week. Analysts pointed to outperformance at its datacenter operations.
Brookfield Property Partners (BPY) confirmed plans to purchase GGP Inc. (GGP) . Brookfield already owns just over a THIRD of the real estate investment trust and hopes to buy out the remainder with cash and stock.
Despite the president's promise of no stimulus until after Nov. 3, there are no signs yet that this is the sort of correlated selling that leads to a deep correction.
Breaking down an approach to the long side of this biotech stock.
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