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VOL. 44 | NO. 42 | Friday, October 16, 2020

Stocks close higher as companies report solid earnings

The Associated Press

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Stocks are closing higher on Wall Street following several solid earnings reports from U.S. companies.

Investors are also monitoring last-ditch efforts in Washington to get more aid for the economy.

The S&P 500 rose 0.5% Tuesday, recouping some of its losses from a day earlier.

Procter & Gamble, Regions Financial and Travelers rose after reporting quarterly results that were better than analysts were expecting.

The Justice Department filed a lawsuit claiming that Google has abused its dominance in online search to stifle competition.

Overseas markets were mixed and Treasury yields held steady. Crude oil prices rose.

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