Wall Street forges higher amid rosy earnings

NEW YORK: Wall Street edged higher on Tuesday amid a string of better-than-expected earnings reports, bringing the three major stock indices closer to fresh all-time record levels.

The benchmark Dow Jones Industrial Average added 67.89 points , rising to 26,452.66. The S&P 500 rose 1.48 points to 2,907.06.Meanwhile, the tech-heavy Nasdaq added 24.22 points to 8,000.23, crossing the 8,000-point mark for the first time since October."There is a high degree of nervousness and worry right now in the market and a lot of cash on the sidelines."

Investors believe recent US economic news has been favorable but still expect a recession in the second half of next year, said Haeling, meaning the positive momentum on Wall Street might not be what it seems."Even though the earnings are beating earnings expectations, they are beating a low bar and the revenue side has not been great," he added.Meanwhile, UnitedHealth also posted higher-than-expecting earnings but its stock lead the Dow lower.

Media reports speculated investors were worried the company faces an uncertain regulatory future, with US Democratic presidential candidates increasingly calling for universal health coverage.In the tech sector, chip manufacturer Qualcomm rocketed 23.2 per cent higher, its biggest one-day gains since December of 1999, after the company joined iPhone maker Apple in announcing a settlement in what could have been bruising royalties litigation.

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Wall Street gains, as JPMorgan surges after earningsThe S&P 500 crossed the 2,900 mark for the first time since early October on Friday, boosted by a jump in Walt Disney shares and as bank stocks ...
Sumber: ChannelNewsAsia - 🏆 6. / 66 Baca lebih lajut »

Wall Street ekes out slight gains at open, earnings awaitedU.S. stocks opened marginally higher on Thursday, as investors assessed warnings from major central banks about a global slowdown and looked ahead ...
Sumber: ChannelNewsAsia - 🏆 6. / 66 Baca lebih lajut »

Wall Street flat as growth worries persist; banks gain ahead of earningsU.S. stocks opened marginally higher on Thursday, as investors assessed warnings from major central banks about a global slowdown and looked ahead ...
Sumber: ChannelNewsAsia - 🏆 6. / 66 Baca lebih lajut »

Wall Street dips ahead of big bank earningsU.S. stocks opened marginally higher on Thursday, as investors assessed warnings from major central banks about a global slowdown and looked ahead ...
Sumber: ChannelNewsAsia - 🏆 6. / 66 Baca lebih lajut »

Wall Street slips as bank earnings disappointU.S. stocks slipped on Monday, weighed by losses in financial stocks as earnings from Wall Street's big banks Goldman Sachs and Citigroup failed ...
Sumber: ChannelNewsAsia - 🏆 6. / 66 Baca lebih lajut »