Dow Jumps 100 Points And BlackRock, Delta Beat Profit Expectations Amid Worsening Jobs Data

SourceForbes
SectorFinancial Markets
CountryMiddle east

Topline The fourth quarter is starting to prove it was good to corporations and their bottom lines, but new jobs data shows that hundreds of thousands of Americans are still facing new financial challenges every week–and experts say the economy will only get worse as Covid-19 cases continue to hit new record highs. A volunteer from Catholic Charities helps load bags of food for people who receive food donations on ... [+] December 10, 2020 at the St. Charles Borromeo Church in New York City.

Getty Images Key Facts Shortly after the market open, the Dow Jones Industrial Average climbed 88 points, or 0.3%, and the S&P 500 ticked up 0.1%, while the tech heavy Nasdaq was virtually flat. Among firms headlining the morning's earnings, BlackRock–the world's largest money manager–posted better-than-expected top and bottom-line results, including revenues of nearly $4.5 billion during the fourth quarter, but the beat was weaker than in previous quarters, and shares are down 3%. Shares of Delta, on the other hand, are up 3% despite expectations of a nearly ...read more...