Wall St. rises on tech boost, robust Johnson & Johnson earnings

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U.S. stock index futures inched higher on Tuesday, getting a lift from a clutch of upbeat quarterly reports from Bank of America, UnitedHealth and ...

REUTERS: U.S. stocks rose on Tuesday, powered by stellar results from healthcare conglomerate Johnson & Johnson and gains in technology stocks, with the benchmark S&P 500 less than a percent away from its all-time high.

"UnitedHealth and Johnson & Johnson raising their forecast is a hugely good thing as heading into the year we thought we might see an earnings pause or an earnings recession," said Kim Forrest, chief investment officer at Bokeh Capital Partners in Pittsburgh. Of the 33 S&P 500 companies that reported through Monday, 81.8per cent came in above estimates, above the 76per cent average of the past four quarters, according to Refinitiv data.

 

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