Wall Street gains on earnings optimism; consumer discretionary, transports jump

NEW YORK, Oct 16 - U.S. stocks were sharply higher in Monday afternoon trading as investors were optimistic about the start of earnings season, with transportation shares advancing.

Consumer discretionary led gains among S&P 500 sectors, although all of the sectors were higher on the day. Third-quarter earnings for S&P 500 companies are estimated to have increased 2.2% year-over-year, according to LSEG data Friday. Earlier, data showed the NY Fed's"Empire State" index, a gauge of manufacturing activity in New York State, fell to -4.60 in October, against expectations of a drop to -7.

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Stocks pick up, oil steadies in cautious marketsKitco News collects and features the top financial, economic and geopolitical news from around the world. Kitco's aggregated sources include some of the top newswires in the world including the Association Press, Canadian Press, Japanese Economic Newswire, and United Press International.
Fonte: KitcoNewsNOW - 🏆 13. / 78 Consulte Mais informação »

Wall St futures rise ahead of earnings, data; Israel-Hamas conflict weighsKitco News collects and features the top financial, economic and geopolitical news from around the world. Kitco's aggregated sources include some of the top newswires in the world including the Association Press, Canadian Press, Japanese Economic Newswire, and United Press International.
Fonte: KitcoNewsNOW - 🏆 13. / 78 Consulte Mais informação »