Solid earnings nudge stocks further into record heights

Developer Nile Niami’s Crestlloyd LLC filed for Chapter 11 on Tuesday, one day before a trustee’s sale of the mega-mansion had been scheduled.Solid earnings reports helped lift several major companies. United Parcel Service jumped 6.9% for the biggest gain in the S&P 500 as higher shipping rates helped the package delivery service easily beat analyst’s third-quarter profit forecasts. Hasbro rose 3.

Stocks have been pushing broadly higher as companies turn in much stronger profit reports for the summer than analysts had expected. “Right now, valuations are high and the market needs some reassurance from corporate earnings,” said Ernesto Ramos, chief investment officer in the U.S. for BMO Global Asset Management. “There are still plenty of risks out there, but the market is focusing on the good things right now.”

The S&P 500 rose 8.31 points to 4,574.79. The benchmark index has posted three weekly gains in a row and leads the other major indexes with a 21.8% gain this year. The Dow added 15.73 points to 35,756.88, while the Nasdaq inched up 9.01 points to 15,235.71.Technology stocks did much of the heavy lifting for the broader market. Chipmaker Nvidia led the way with a 6.7% gain. Healthcare stocks and a mix of companies that rely on consumer spending for goods and services also made solid gains.

thanks

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Stocks Close At Record Highs After Tesla Hits $1 Trillion In Market ValueInvestors are looking ahead to major tech earnings this week, hoping they can further boost stocks.
Herkunft: Forbes - 🏆 394. / 53 Weiterlesen »

Wall Street sets more records as earnings season gears upWall Street ticked further into record heights Monday, as a better-than-expected profit reporting season gets into higher gear. It’s always a pleasure to read such records.
Herkunft: latimes - 🏆 11. / 82 Weiterlesen »

Customers can soon rent a Tesla at Hertz after company orders 100,000 electric vehiclesRental car giant Hertz announced it was buying 100,000 Tesla electric vehicles that will be available to customers starting next month.
Herkunft: ABC - 🏆 471. / 51 Weiterlesen »

What GM and Ford investors should know ahead of third-quarter earningsBoth General Motors and Ford Motor are expected to report solid third-quarter earnings Wednesday despite an ongoing global disruption of supply chains.
Herkunft: CNBC - 🏆 12. / 72 Weiterlesen »

European markets set to climb, tracking global earnings optimism; UBS beatsEuropean stocks are set to edge higher on Tuesday, as positive corporate earnings offer a tailwind to global markets. thanks Money backs to the markets Now very few people invest in gold, people trade in bitcoin, then gold in Comex 1810 so high rate maximum rate 1450 to 1550 other reason gold 1810 plz tell me Everyone's investment in crypto trade above at least 65% NYSE uscurrency Nasdaq DGCX Investingcom
Herkunft: CNBC - 🏆 12. / 72 Weiterlesen »