Stock Market Today: Dow, S&P 500 on the Verge of Fresh Highs

The third-quarter earnings season continues to largely surprise to the upside, with Abbott Labs, Anthem and Verizon helping to drive Wednesday's gains.

A mountain climber nears the top
(Image credit: Getty Images)

Wall Street did its best duck impression Wednesday, with its feet kicking like crazy under the water, even if things looked pretty calm up top.

The third-quarter earnings season extended a promising start with help from the healthcare sector. Abbott Laboratories (ABT, +3.3%) breezed past Q3 revenue and earnings expectations and raised its full-year profit guidance. Insurer Anthem (ANTM, +7.7%) hit a record high after beating estimates and saying COVID-19 should weigh less on its bottom line next year.

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Kyle Woodley

Kyle Woodley is the Editor-in-Chief of WealthUp, a site dedicated to improving the personal finances and financial literacy of people of all ages. He also writes the weekly The Weekend Tea newsletter, which covers both news and analysis about spending, saving, investing, the economy and more.

Kyle was previously the Senior Investing Editor for Kiplinger.com, and the Managing Editor for InvestorPlace.com before that. His work has appeared in several outlets, including Yahoo! Finance, MSN Money, Barchart, The Globe & Mail and the Nasdaq. He also has appeared as a guest on Fox Business Network and Money Radio, among other shows and podcasts, and he has been quoted in several outlets, including MarketWatch, Vice and Univision. He is a proud graduate of The Ohio State University, where he earned a BA in journalism. 

You can check out his thoughts on the markets (and more) at @KyleWoodley.