Wall Street climbs after profits at big companies top forecasts

Wall Street is rising Tuesday after Verizon, General Electric and other big companies reported fatter profits for the summer than expected. The Standard & Poor's 500 was 0.5% higher in early trading and on track to break a five-day losing streak. The Dow Jones industrial average was up 165 points, or 0.5%, as of 9:45 a.m. Eastern, and the Nasdaq composite was 0.7% higher. General Electric gained 4.

She said that if yields were to move much higher at a quick pace, it would risk hurting the Treasury market and shake the financial system’s stability. She said the Federal Reserve would likely step in to help the market like it did in March when high interest rates helped cause three high-profile collapses of U.S. banks.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

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

Wall Street week ahead: Amazon, Microsoft, Boeing earnings and rising bond yieldsInvestors are staring down a big week for corporate earnings with reports due from Amazon, Microsoft and Google, as well as Ford and GM with the UAW strike against the automakers dragging on.
Source: FoxBusiness - 🏆 458. / 53 Read more »

Stock futures edge higher on Sunday night as Wall Street awaits big tech earnings: Live updatesStock futures ticked higher on Sunday night, ahead of a big week of earnings reports and key economic data releases.
Source: NBCNewYork - 🏆 270. / 63 Read more »

Stock futures edge higher on Sunday night as Wall Street awaits big tech earnings: Live updatesStock futures ticked higher on Sunday night, ahead of a big week of earnings reports and key economic data releases.
Source: CNBC - 🏆 12. / 72 Read more »