NEW YORK: Wall Street advanced on Tuesday as third-quarter reporting season hit with a spate of upbeat earnings reports that brought buyers back to the equities market.
Adding to positive geopolitical developments, investors welcomed news that Britain and the European Union could reach a deal in time for a leaders' summit this week. Of the 34 S&P 500 companies that have reported so far, 88.2per cent have come in above consensus estimates. Blackrock Inc , the world's largest asset manager, beat analyst estimates on strong inflows into its fixed income and cash management business, sending its stock up 2.4per cent.
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