Stock markets rise as hopes about profits and trade with China replace fears about bank lending
The S&P 500, which rose 1.1%, is now 0.2% below its October 8 record. The Nasdaq Composite, which rose 1.5%, is down 0.1% from its Oct. 8 closing high. And the Dow Jones is up 520 points, or 1.1%, putting it within 0.1% of its 12th record close of the year. “The government remains closed…