Stock Market Today: October 20, 2017
Harvey S. Katz, CFA, Adam Rosner, and Robert Harrington | 10/20/2017
After yesterday’s mixed tone to trading, the bulls stormed back on Friday. Each of the major large-cap indexes opened higher, rising to all-time high levels throughout the day. Though a generally positive trend from third-quarter earnings season has helped to prop up the averages for most of the past few weeks, today’s uptick relied heavily on the prospect of tax reform. Still, earnings-related contributions from PayPal (PYPL) and the welcome late-in-the-day rebound of General Electric (GE) shares bolstered the optimistic tilt to the week’s final session.