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October 23, 2020

Corporate profits prop up stocks after wobbly start

By STAN CHOE, DAMIAN J. TROISE and ALEX VEIGA
AP Business Writers

U.S. stocks overcame a wobbly start to finish higher Thursday, as traders welcomed more corporate quarterly results for the summer that weren't as bad as Wall Street feared.

The S&P 500 rose 0.5% after shifting between small gains and losses throughout the morning. The index recouped all of its losses from a day earlier, but remains on track for its first weekly loss after notching a gain in each of the previous three weeks.


 
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