NEW YORK: The S&P 500 and Nasdaq jumped to all-time records on Tuesday following a barrage of mostly positive earnings reports that boosted confidence in the economic outlook.
Investors had been cautious heading into first-quarter earnings period, owing to expectations for an overall drop in profits. The strong results have lifted expectations that stocks could continue to rise, even after an almost unbroken climb higher throughout 2019 so far."We are now seeing more signs of solid economic growth, as well as indications that companies not only are reporting better than expected first-quarter earnings, but also are continuing to guide for modest earnings growth throughout 2019," said Kate Warne, an investment strategist at Edward Jones.
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