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S&P 500 Climbs as Earnings Kick Into High Gear, Apple Hits Record: Closing Bell
Posted
October 20, 2025
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October 20, 2025
1,227
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10:04Now PlayingWatch comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec.
Wall Street traders drove stocks higher amid solid signals from Corporate America and hopes that tensions between the world’s two largest economies are cooling. Bond yields edged lower.
With the earnings season well underway, about 85% of the companies in the S&P 500 reporting results so far have beaten profit estimates. That’s helped fuel a rebound in equities, with the benchmark notching its best two-day gain since June. Sentiment was also buoyed by expectations the trade war will de-escalate as the US and China return to the negotiating table.
The S&P 500 rose 1.1%. Apple Inc. hit its first record of 2025 as Loop Capital upgraded the stock to buy, the latest firm to cite positive iPhone demand trends. A gauge of tech megacaps climbed 1.6%. The Russell 2000 index of small firms added 1.9%.
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