Shares of State Street Corp. were sinking on Friday, Oct. 19, despite recording higher profits and revenue in the third quarter.
The investing icon said the damage done to the U.S. markets on Black Monday happened late in the day, but 24 hours later the panic was over.
AmEx and PayPal beat on both top and bottom lines.
The payment processing company's shares are climbing after its third-quarter results beat expectations.
The Federal Reserve should, but likely won't, stop hiking rates before it inflicts more economic damage.
Thirty years ago on Monday, October 19, 1987 - Black Monday - the stock market tanked. The Dow Jones Industrial Average fell over 500 points - a 22% decline.
What the Fed needs to see is how many jobs are really in jeopardy from a digitized world and how digitization is keeping inflation in check.
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