Stocks Gain on Last Day of Brutal Month

Stocks climb for second consecutive day
By Newser Editors and Wire Services
Posted Oct 31, 2018 3:11 PM CDT
Stocks Gain on Last Day of Brutal Month
In this Oct. 23, 2018, file photo specialist Peter Mazza, center, and trader Michael Urkonis work on the floor of the New York Stock Exchange.   (AP Photo/Richard Drew)

(Newser) – Stocks climbed for the second day in a row at the end of a brutal month for global markets, the AP reports. Investors applauded strong quarterly results Wednesday from companies including Facebook and General Motors, giving the market its first two-day gain since late September. GM, which also announced buyouts, soared 9.1%. Facebook added 3.8%. An unusually turbulent ride for investors left the S&P 500 down nearly 7% in October, its worst monthly loss in seven years. The S&P 500 rose 29 points, or 1.1%, to 2,711. The Dow Jones Industrial Average climbed 241 points, or 1%, to 25,115. The Nasdaq composite rose 144 points, or 2%, to 7,305. (Read more stock market stories.)

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