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Daily Scoop 10-18

Daily Scoop 10-18

👋 Your Monday Scoops - Deere strikes & LinkedIn leaves China

October 18, 2021

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Today's Scoop:Momentum

Big Picture

Corporate earnings reports have started strong.
China's economic growth was slower than expected.
Supply backups have caused a slowdown in industrial production.

The Market

⬆️

+0.3%

S&P 500: 4,486.46

1Mo:

+3%

| 1Yr:

+31%

| 5Yr:

+110%

Markets continued the positive run today as investors turn optimistic about the economy. Corporate earnings reports have been robust so far, with 80% exceeding expectations. There have been some signs of slowing growth around the world. The Federal Reserve reported US industrial production declining in September from supply constraints. China's economic production was lower than expected, with GDP growth coming in at 4.9%.

Company Scoops ❤🌎💰

(Click to dig in & vote your reaction, see how others feel)

is leaving China

John Deere's

employees shut it down

Goldman Sachs

is doing great

Walmart's

going around the clock

Wells Fargo's

feeling fine

(These links only work for 24 hours while the story is live)

🤓 Inside Scoop...

Earnings reports are our chance to take a look under the hood of every public company. Don't get too caught up on quarter-by-quarter performance. Just use the information to form your opinion on the company's future.