S&P 500 Ticks Higher as Bank Earnings Show U.S. Economy Holding Up

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Stock Market Today: S&P 500 Ticks Higher as Bank Earnings Show U.S. Economy Holding Up

Surging tech stocks carried the S&P 500 and Nasdaq composite to new records on Wednesday, a milestone in major indexes’ rebound from war-fueled losses.

The S&P 500 closed above 7000 for the first time and hit its first closing high since January. The Nasdaq composite surged 1.6%, notching its first record since October and its 11th consecutive gain. The Dow pared losses, trading 0.1% lower.

Investors took in more positive signs on the state of the U.S. economy. Bank of America this morning said consumer spending held up despite a turbulent start to the year and rising prices at the pump, adding to a chorus of big lenders seeing resilience in the American economy.

Exclusive | Pentagon Approaches Automakers, Manufacturers to Boost Weapons Production – WSJ

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Exclusive | Pentagon Approaches Automakers, Manufacturers to Boost Weapons Production – WSJ

The Trump administration wants automakers and other American manufacturers to play a larger role in weapons production, reminiscent of a practice used during World War II.

Senior defense officials have held talks about producing weapons and other military supplies with the top executives of several companies, including Mary Barra of General Motors and Jim Farley of Ford Motor, according to people familiar with the discussions.

Red

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Evening camping along the East Branch at Campsite 5 after the dusting of snow had melted away. It was sunny but at cold afternoon.

Saturday April 18, 2020 — East Branch Sacandaga River

Cod Pond

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Looking across Cod Pond out into the Wilcox Lake Wild Forest.

Sunday April 19, 2020 — Cod Pond