[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.
The tech-rich Nasdaq Composite Index advanced 1.3 per cent to 8,120.82, also a record, while the Dow Jones Industrial Average gained 0.6 per cent, rising to 26,656.39, leaving it about 170 points short of its own all-time high. "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.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »