Wall Street set to climb on upbeat earnings reports, stimulus hopes

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 40 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 66%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

U.S. stock index futures rose on Tuesday after a better-than-expected quarterly profit from IBM and on hopes for more domestic stimulus to prop up ...

REUTERS: Wall Street's main indexes were set to open higher on Tuesday following a slate of positive earnings reports from companies including IBM and Coca-Cola, and on hopes for domestic stimulus to prop up an economy reeling from the COVID-19 pandemic.

"If this economic recovery slowly continues, tech stocks will probably continue to be one of the leaders. Technology is up to the altar and they need to justify so much of this strength and earnings," said Ryan Detrick, chief market strategist at LPL Financial in Charlotte, North Carolina. The S&P 500 closed higher for the year and the Nasdaq notched a record closing high on Monday after promising early data from trials of three potential vaccines and a boost from high-flying companies including Amazon.com Inc and Microsoft Corp .Advisers to President Donald Trump and congressional Democrats were set to discuss the next steps in responding to the coronavirus crisis on Tuesday, with congressional Republicans saying they were working on a US$1 trillion relief bill.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Singapore stocks open higher after Wall Street gains; STI up 0.6%SINGAPORE shares opened higher on Tuesday following overnight gains on Wall Street, which was boosted by a strong showing from technology giants. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Futures climb on IBM earnings report, stimulus hopesU.S. stock index futures rose on Tuesday after a better-than-expected quarterly profit from IBM and on hopes for more domestic stimulus to prop up ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »