Wall St. rises for third straight day on data, earnings

NEW YORK - Wall Street closed higher on Thursday as upbeat earnings and strong economic data put investors in a buying mood, with technology companies leading the charge.

On the economic front, groundbreaking on new U.S. homes increased more than expected in April, according to the Commerce Department, as declining interest rates provided support to the struggling housing sector.In a separate report from the Labor Department, 16,000 fewer Americans applied for unemployment last week, beating economist estimates.

Washington placed Huawei Technologies Co on a blacklist which bans it from acquiring components and technology from U.S. firms without prior approval. The Dow Jones Industrial Average rose 214.66 points, or 0.84%, to 25,862.68, the S&P 500 gained 25.36 points, or 0.89%, to 2,876.32 and the Nasdaq Composite added 75.90 points, or 0.97%, to 7,898.05.

Analysts now expect first-quarter earnings growth of 1.4%, a significant improvement over the 2% loss expected on April 1.

For now...

I smell rotten fish here. Any1 pay attention each time the market plunges, 1 or 2 days later it rebounds? Like unemployment & financial health, the of people who can’t survive on the money they make, the companies that either have reduced size or gone out of business with no

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Wall St. advances as earnings, economic data beat expectationsWall Street extended its rally in afternoon trading on Thursday as upbeat earnin... Is this a buying moment? I thought the economy under Trump was supposed to collapse. Just keeps getting better. Trump2020 So obvious the dip earlier this week. Modern age price fixing and over hype. Next week it will dip due China finding cheese on the moon.
Источник: Reuters - 🏆 2. / 97 Прочитайте больше »

Cisco stock rises as earnings, revenue forecast top Street estimates amid tariffsCisco Systems Inc.’s stock rises in the extended session Wednesday after the networking company reports quarterly results that top Wall Street estimates and...
Источник: MarketWatch - 🏆 3. / 97 Прочитайте больше »

Stocks bounce back as trade rhetoric coolsU.S. stocks on Tuesday reclaimed some of the ground lost in the prior day's... Anyone else think Trump's China talk is designed to shape the market so that Trump and Co. can make some quick cash? We will never know. Olha o itau na capa
Источник: Reuters - 🏆 2. / 97 Прочитайте больше »