Stocks Ended Higher, S&P 500 Hit Record High

U.S. stocks ended higher on Monday, with the S&P 500 closing at a record, as corporate earnings continued to top expectations and investors remained optimistic about a U.S.-China trade deal. The Dow Jones Industrial Average advanced 132.66 points, or 0.49%, to 27,090.72. The S&P 500 rose 16.87 points, or 0.56%, to 3,039.42. The Nasdaq Composite gained 82.87 points, or 1.01%, to 8,325.99.

Google (GOOG, GOOGL) parent company Alphabet reported its Q3 2019 earnings on Monday beating analysts’ expectations on the top line but missing on earnings per share. The company reported net income of $7.07 billion, or $10.12 a share, compared with $13.06 a share in the year-ago period. Revenue was $40.5 billion, up 20% from the same quarter a year ago.

Beyond Meat (BYND) reported its first profit as a public company and beat on both the top and bottom lines during its third quarter. The company also raised its guidance for the full year.The company reported a third-quarter profit of $4.1 million, or 6 cents a share, on sales of $92 million, up from a loss of $9.3 million on revenue of $26.3 million in the same quarter a year ago.

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