Wall Street’s rally was widespread, with about 82 percent of stocks in the S&P 500 closing higher. S&P 500 companies are on pace to report a drop in profits of roughly 8 percent from year-ago levels. That is much milder than the nearly 21 percent decline Wall Street was forecasting at the start of last month. Still, many analysts warn volatility may lie ahead. A long court battle without a clear winner of the presidency could raise uncertainty and drag down stocks, analysts say.-AP

Source: The Standard November 06, 2020 02:26 UTC