(NEW YORK) -- So far this month, the Standard and Poor’s 500 stock index has gained 13.6 percent. This means October is still on course to be the strongest month for the major averages in about 35 years.
Futures are down this morning, and the markets are expected to open lower.
But October has been anything but a scary month for investors. Europe’s debt deal helped raise investors’ hopes, despite many concerns about the details of the agreement. Earnings are also up: So far, 70 percent of large corporations that have reported have beaten third-quarter profit estimates.
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