NEW YORK, Oct 28 — Wall Street stocks resumed their upward climb early today following a stream of mostly strong earnings from Merck, Caterpillar and others as investors shrugged off a lacklustre US growth report.
Shares of Ford jumped 12.6 per cent while Merck won 4.2 per cent following the latest round of earnings in a week jammed with results. Apple and Amazon report later today. Those upbeat reports overshadowed data showing the US economy grew by just two per cent in the third quarter, down from the 6.7 per cent annual rate in the prior quarter as resurgent Covid-19 infections slowed consumer activity.
But a note from Schwab described the US growth data as “backward-looking,” adding that it was offset by “more timely” jobless claims data that improved.The broad-based S&P 500 gained 0.6 per cent to 4,580.02, while the tech-rich Nasdaq Composite Index also climbed 0.6 per cent to 15,331.33. Markets are monitoring ongoing talks in Washington, where congressional Democrats are struggling to reach an agreement on President Joe Biden’s infrastructure and social spending legislation. — AFP
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
ソース: malaymail - 🏆 1. / 86 続きを読む »